§ 37.080 TAX IMPOSED; RATE.
   (A)   A tax is imposed in accordance with the provisions of 65 ILCS 5/8-11-6 on the privilege of using in the municipality any item of tangible personal property which is purchased outside the state at retail from a retailer, and which is titled or registered with an agency of state government.
   (B)   The tax shall be at a rate of 1% of the selling price of the tangible property, with SELLING PRICE to have the meaning as defined in 35 ILCS 105/2.
(2000 Code, § 37.075) (Ord. 860, passed 11-18-1974)