(A) A tax is imposed upon all persons engaged in the business of renting automobiles in the village at the rate of 1% of the gross receipts from rentals made in the course of that business while this section is in effect, in accordance with the provisions of ILCS Ch. 65, Act 5 § 8-11-7.
(B) Every person engaged in this business in the village shall file on or before the last day of each calendar month, the report to the State Department of Revenue required by law.
(C) At the time the report is filed, there shall be paid to the State Department of Revenue the amount of tax imposed on account of the renting of automobiles during the preceding month, which amount shall, in turn, be distributed by the Department to the village in the manner and time provided for by law.
(Ord. 82-0-002, passed 1-12-82; Am. Ord. 95-0-023, passed 5-22-95)