A tax is hereby imposed upon all persons engaged in this municipality in the business of making sales of service at the rate of 1% of the cost prices of all tangible personal property transferred by said service persons either in the form of tangible personal property or in the form of real estate as an incident to a sale of service, in accordance with the provisions of Section 8-11-5 of the Illinois Municipal Code.
('72 Code, § 34.02(a))
Statutory reference:
For provisions concerning Home Rule Municipal Service Occupation Tax Act, see ILCS Ch. 65, Act 5, § 8-11-5