A tax is hereby imposed upon all persons engaged in the business of renting automobiles in the city at the rate of 1% of the gross receipts from the rentals made in the course of business while this subchapter is in effect, in accordance with the provisions of § 8-11-7 of the Illinois Municipal Code (i.e., 65 ILCS 5/8-11-7).
(1994 Code, § 37.40) (Ord. 314, passed 1-25-1982)