(A) A tax is hereby imposed in accordance with provisions of 65 ILCS 5/8-11-6 upon the privilege of using in the municipality any item of tangible personal property which is purchased outside this state at retail from a retailer, and which is titled or registered with an agency of the 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, approved July 14, 1955.
(B) Such tax shall be collected by the State Department of Revenue for all municipalities imposing the tax and shall be paid before the title or certificate of registration for the personal property is issued.
The City Clerk is hereby directed to transmit to the State Department of Revenue a certified copy of this ordinance not later than five days after its effective date.
(C) This section shall be published within ten days of its enactment as provided in 65 ILCS 5/1-2-4 and shall be effective on the first day of the month following the expiration of such publication period.
(1974 Code, § 3-13-3) (Ord. 562, passed 10-22-1974)