Village of Lincolnwood, IL Article 5 ATHLETIC CONTESTS AND EXHIBITIONS FOR GAIN

8-5-1 License required.

No person, firm or corporation shall conduct an athletic contest or exhibition for gain without first obtaining a license as required pursuant to Articles 1 and 2 of Chapter 9 of this Code.

8-5-2 Gross receipt tax imposed.

A tax is imposed upon all persons conducting an athletic contest or exhibition for gain based on the gross receipts derived from the sale of admission tickets at a rate of 3% of the gross receipts.

8-5-3 Manner of payment.

Any person conducting an athletic contest or exhibition shall submit to the Village Treasurer a statement, verified under oath, of the gross receipts of each such contest or exhibition, within one week after such contest or exhibition has occurred. Said statement shall be accompanied by the payment of a sum equal to 3% of the gross receipts.

8-5-4 Records required.

For the purpose of enabling the Village to inform itself of such gross receipts, the person liable for the tax shall keep complete and accurate books, records and accounts in detail of all such gross receipts. The Village Treasurer, or his or her designated agent, may examine, on demand, all such books, records and accounts pertaining to such contest or exhibition so held.