§ 151.05 SALES TAX DEDUCTIONS.
   Each retailer whose place of business is within the corporate limits of the village and who makes a sale of building materials to be incorporated into real estate located in the Enterprise Zone by remodeling, rehabilitation or new construction, may deduct receipts from the sales when calculating the tax imposed pursuant to the Municipal Retailers' Occupation Tax Act, being ILCS Ch. 35, Act 120, §§ 1 et seq.; provided, however, that the remodeling, rehabilitation or new construction is of the nature and scope for which a building permit is required and has been obtained. The incentive provided by this section shall commence the first day of the calendar month following the month in which the Enterprise Zone is designated and certified, and shall continue for the term of the Enterprise Zone.
(1994 Code, § 10-1-5) (Ord. 87-9, passed 6-11-1987)