(A) Tax is hereby imposed, in accordance with the provisions of Illinois Municipal Code, ILCS Ch. 65, Act 5, § 8-11-6, upon the privilege of using in the Village 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 Illinois 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 defined in the Use Tax Act approved July 14, 1955.
(B) The tax shall be collected by the Illinois 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.
('73 Code, § 31-40) (Ord. 74-1112, passed 10-3-74)