(A) (1) A person who is engaged in the business of leasing or renting motor vehicles to others and who, in connection with the business, sells any used motor vehicle to a purchaser for his or her use and not for the purpose of resale, is a retailer engaged in the business of selling tangible personal property at retail under this subchapter to the extent of the value of the vehicle sold.
(2) For the purpose of this section,
MOTOR VEHICLE has the meaning prescribed by ILCS Ch. 625, Act 5, § 1-146, as now or hereafter amended.
(3) Nothing provided herein shall affect liability incurred under this subchapter because of the sale at retail of the motor vehicle to a lessor.
(B) (1) Every retailer of motor vehicles and aircraft shall file with the Village Clerk, upon a form to be prescribed and supplied by the Clerk, a separate return for each such item of tangible personal property which the retailer sells; except that, where, in the same transaction, a retailer of motor vehicles transfers more than one motor vehicle to another motor vehicle retailer for the purpose of resale, the seller for resale may report the transfer of all the motor vehicles involved in that transaction to the Clerk on the same uniform invoice transaction reporting return form.
(2) The transaction reporting return in the case of motor vehicles shall be in the same document as the uniform invoice referred to in ILCS Ch. 625, Act 5, § 5-402, and must show the name and address of the seller, the name and address of the purchaser, the amount of the selling price, the amount allowed by the retailer for the traded-in property, if any, to the extent to which an exemption is allowed for the value of traded-in property; the balance payable after deducting the trade-in allowance from the total selling price, the amount of tax due from the retailer with respect to the transaction, the amount of tax collected from the purchaser by the retailer on the transaction (or satisfactory evidence the tax is not due in that particular instance, if that is claimed to be the fact); the place and date of the sale, a sufficient identification of the property sold, other information as is required in ILCS Ch. 625, Act 5, § 5-402, and other information the Clerk may reasonably require.
(Prior Code, § 35.092) (Ord. 86-4, passed 7-28-1986) Penalty, see § 35.999