(A) Imposed; rate. A tax shall be imposed upon all persons engaged in the business of renting or leasing tangible personal property to the users thereof at the rate of 0.5% of the gross receipts from that renting or leasing made in the course of that business while this chapter is in effect, in accordance with the provisions of ILCS Ch. 65, Act 5, § 8-11-6.
(1983 Code, § 20-55)
(B) Report; payment.
(1) Every person engaged in a business subject to taxation under this section in the city shall file with the State Department of Revenue the return in the manner as required by law.
(2) At the time the return is filed there shall be paid to the State Department of Revenue the amount of tax hereby imposed on account of the receipts from renting and leasing tangible personal property during the preceding month.
(1983 Code, § 20-56) Penalty, see § 39.99