S-852 Ordinance No. S-852
AN ORDINANCE
IMPOSING A MUNICIPAL LEASING OCCUPATION TAX UPON PERSONS
ENGAGED IN THE BUSINESS OF RENTING OR LEASING TANGIBLE PER-
SONAL PROPERTY IN THE CITY OF ELGIN, ILLINOIS.
WHEREAS, it is necessary and proper that additional sources of
revenue be secured to assist in financing the rapidly increasing costs of
municipal government, and
WHEREAS, in the considered opinion of the City Council, it is in
the best interests of the general public safety and welfare that a municipal
leasing occupation tax be imposed upon persons engaged in the business of
renting or leasing tangible personal property in the City of Elgin.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL
OF THE CITY OF ELGIN, ILLINOIS:
Section 1. T hat 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 one-half of one percent of the gross receipts
from such renting or leasing made in the course of such business while
this ordinance is in effect, in accordance with the provisions of Section
8-11-6 of the Illinois Municipal Code.
Section 2. That every person engaged in such business in the City
of Elgin shall file with the State Department of Revenue the return in the
manner as required by Section Five of the "Leasing Occupation Tax
Act" as adopted by the 74th General Assembly.
Section 3. That 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.
Section 4. That the City Clerk is hereby directed to transmit to
the State Department of Revenue a certified copy of this ordinance not
later than five (5) days after the effective date of this ordinance.
Section 5. That this ordinance shall be published within ten (10)
days of its enactment as provided in Section 1-2-4 of the Illinois Municipal
Code and shall be effective from and after the first day of the calendar
month next following its publication.
Presented: Jan. 12, 1967 Clyde L. Shales, Mayor
Passed:
elk Vote: Yeas Nays
Recorded jostme7 22. 3.
Published: jimmy az so 7/✓
Attest: Myrtle E. Spiegler, City Clerk