A tax is hereby imposed in accordance with the provisions of Illinois Municipal Code, § 8-11-6 upon the privilege of using in the municipality any item of tangible personal property which is purchased outside Illinois at retail from a retailer and which is titled or registered with an agency of Illinois government. The tax shall be at a rate of 1% of the selling price of the tangible property with the selling price to have the meaning as defined in the Use Tax Act approved July 14, 1955.
('74 Code, § 26-56) (Ord. 904, passed 10-15-74)