(A) Generally. The tax imposed by this subchapter shall be remitted by such retailer to the Illinois Department of Revenue (Department). Any tax required to be collected pursuant to or as authorized by this subchapter and any such tax collected by such retailer and required to be remitted to the Department shall constitute a debt owed by the retailer to the state. Retailers may reimburse themselves for their seller’s tax liability hereunder by separately stating that tax as an additional charge, which charge may be stated in combination, in a single amount, with any state tax that sellers are required to collect.
(B) Collection and enforcement. The taxes hereby imposed, and all civil penalties that may be assessed as an incident thereto, shall be collected and enforced by the Department. The Department shall have full power to administer and enforce the provisions of this subchapter.
(C) Use of tax proceeds. Proceeds resulting from the tax imposed by this Article, including interest and penalties collected in association therewith, may be allocated as follows, or as the Council otherwise directs by majority vote: 25% toward the city’s obligation to the Wood River Police Pension Fund and the Wood River Firefighters Pension Fund; and 75% to the General Fund. In regards to the 25% towards the Wood River Police Pension Fund and the Wood River Firefighters Pension Fund, the amounts remitted to each pension fund will be in the same ratio as their most recent actuarially determined contribution.
(Prior Code, § 142.02) (Ord. 23-9, passed 4-3-2023)