(A) (1) A tax is hereby imposed upon all persons engaged in the business of selling tangible personal property, other than an item of tangible personal property titled or registered with an agency of this State’s government, at retail in this municipality at the rate of 2.75% of the gross receipts from such sales made in the course of such business while this ordinance is in effect; and a tax is hereby imposed upon all persons engaged in this municipality in the business of making sales of service, at the rate of 2.75% of the selling price of all tangible personal property transferred by such serviceman as an incident to a sale of service.
(2) This “Home Rule Municipal Retailers’ Occupation Tax” and this “Home Rule Municipal Service Occupation Tax” shall not be applicable to the sales of food for human consumption which is to be consumed off the premises where it is sold (other than alcoholic beverages, soft drinks, and food that has been prepared for immediate consumption) and prescription and non-prescription medicines, drugs, medical appliances and insulin, urine testing materials, syringes and needles used by diabetics.
(B) The imposition of these home rule taxes is in accordance with and subject to the provisions of65 ILCS 5/8-11-1 and 65 ILCS 5/8-11-5.
(C) All proceeds from the imposition of the one half percent (0.5%) increase in the Mt. Vernon Home Rule Municipal Retailers’ and Service Occupation Tax enacted by Ordinance 2012-10 shall be deposited into and maintained as a separate dedicated fund to be expended solely for economic development and quality of life activities, acquisitions, and improvements within the City of Mt. Vernon.
(D) All proceeds from the imposition of the one percent (1%) increase in the Mt. Vernon Home Rule Municipal Retailers’ and Service Occupation Tax enacted by Ordinance 2017-42 shall be deposited into and maintained as a separate dedicated fund to be expended solely for:
(1) Expenses incurred for Capital construction projects for the Water and Sewer Funds,
(2) Expenses incurred for Capital equipment purchases for all City Departments,
(3) Expenses incurred for Capital expenditures for road construction or road maintenance,
(4) Early retirement of existing indebtedness, with priority to payment of debt with the highest interest rate, and
(5) Nuisance abatement expenditures, including demolition of dangerous and dilapidated structures.
(E) All proceeds from the imposition of the one fourth percent (0.25%) increase in the Mt. Vernon Home Rule Municipal Retailers’ and Service Occupation Tax enacted by Ordinance 2019-50 shall be deposited into and maintained as a separate dedicated fund to be expended solely for contributions to the Firefighters’ Pension Fund, to the Police Pension Fund, to the Illinois Municipal Retirement Fund, and to Social Security and Medicare obligations (FICA, Federal Insurance Contributions Act).
(Prior Code, Art. 23, § 2)