A tax is hereby imposed on all persons engaged in the business of renting automobiles in this Village at the rate of 1% of the gross receipts from such rentals made in the course of business while this article is in effect, in accordance with the provisions of ILCS Ch. 65, Act 5, § 8-11-7.
Every person engaged in the business of renting automobiles in the Village shall file all reports as required by ILCS Ch. 35, Act 120, § 3, with the State Department of Revenue.
At the time the report mentioned in § 36-2 is filed, there shall be paid to the State Department of Revenue the amount of tax hereby imposed on account of the renting of automobiles during the preceding month.