A. Tax Imposed; Rate: A home rule municipal use tax is hereby imposed in accordance with the provisions of 65 Illinois Compiled Statutes 5/8-11-6, as amended, upon the privilege of using in the village any item of tangible personal property which is purchased at retail from a retailer, and which is titled or registered at a location within the village with an agency of the state of Illinois. The tax shall be at a rate of one percent (1%) of the selling price of such tangible personal property with "selling price" to have the meaning as defined in the use tax act, approved July 14, 1955, as amended. (1976 Code §18-66; amd. 1991 Code)
B. Collection Of Tax: Such tax shall be collected from persons whose Illinois address for titling or registration purposes is given as being in the village. Such tax shall be collected by the village. (1991 Code)