(A) Imposed; rate. A tax is hereby imposed in accordance with the provisions of ILCS Ch. 65, Act 5, § 8-11-6 upon the privilege of using in the municipality any item of tangible personal property which is purchased outside of the state at retail from a retailer, and which is titled or registered with an agency of the state. The tax shall be at a rate of 1% of the selling price of the tangible personal property, as “selling price” is defined in ILCS Ch. 35, Act 105, § 1.
(1986 Code, § 19-46)
(B) Collection. The tax imposed by this section shall be collected by the State Department of Revenue and shall be paid before the title or certificate of registration for the tangible personal property is issued.
(1986 Code, § 19-47)