(A) A tax is hereby imposed in accordance with the provisions of § 8-11-6 of the Illinois Municipal Code of 1961, as amended (i.e., 65 ILCS 5/8-11-6), upon the privilege of using in the municipality, any item of tangible personal property which is purchased outside the state at retail from a retailer, and which is titled or registered with an agency of state government.
(B) The tax shall be at a rate of 1% of the selling price of the tangible property with selling price to have the meaning as defined in the Use Tax Act, approved 7-14-1955, as amended (i.e., 65 ILCS 5/8-11-6).
(1994 Code, § 37.70) (Ord. 306, passed 7-14-1980)