A tax is hereby imposed in accordance with the provisions of the Illinois Municipal Code § 8-11-6 [i.e., ILCS Ch. 65, Act 5, § 8-11-6], upon 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. The tax shall be at a rate of 1% of the selling price of such tangible property with selling price to have the meaning as defined in the Use Tax Act.
('73 Code, § 33.04(a)) (Ord. 349, passed - - )