A tax is hereby imposed upon the privilege of using in the municipality any item of tangible personal property which is purchased outside the city at retail from a retailer and which is titled or registered with an agency of state government. The tax shall be imposed at the rate of three-fourths of 1% of the selling price of the tangible property. The city herein adopts the definition of selling price as described in the Use Tax Act of the State of Illinois, ILCS Ch. 35, Act 105, § 1a.
(1980 Code, § 17.502) Penalty, see § 45.999