A tax is hereby imposed in accordance with provisions of ILCS Chapter 65, Act 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 state government. The tax shall be at a rate of 1% of the selling price of that tangible property with selling price to have the meaning as defined in the Use Tax Act, being ILCS Chapter 35, Act 105, §§ 1 et seq., approved July 14, 1955.
(1969 Code, § 24-31) (Ord. 1974-13, passed 11-12-1974)