[Ord. 9-20-1965, § 1]
A tax is hereby imposed upon all persons engaged in the business of renting or leasing tangible personal property to the users thereof at the rate of 1/2 of 1% of the gross receipts from such renting or leasing made in the course of such business while this article is in effect, in accordance with the provisions of 65 Illinois Compiled Statutes 5/8-11-6.
[Ord. 9-20-1965, § 2]
Every such person engaged in such business in the Village shall file on or before the last day of each calendar month, the return to the state department of revenue required by Section 5 of the leasing occupation tax act.
[Ord. 9-20-1965, § 3]
At the time such return is filed, there shall be paid to the state department of revenue the amount of tax hereby imposed on account of the receipts from renting or leasing tangible personal property during the preceding month.