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87-107 AMENDING CITY CODE - ESTABLISHING A TAX ON THE PURCHASE OF TANGIBLE PERSONAL PROPERTY
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87-107 AMENDING CITY CODE - ESTABLISHING A TAX ON THE PURCHASE OF TANGIBLE PERSONAL PROPERTY
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8/26/2016 8:36:03 AM
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Resolution/Ordinance
Res Ord Num
87-107
Res Ord Title
AMENDING CITY CODE - ESTABLISHING A TAX ON THE PURCHASE OF TANGIBLE PERSONAL PROPERTY
Approved Date
10/5/1987
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4 ` <br /> f <br /> account of the cost of the property sold, the cost of materials _ <br /> used, labor or service cost or any other expense whatsoever, but <br /> shall not include (a) interest or finance charges which appear as <br /> separate items on the bill of sale or sales contract, (b) the <br /> proceeds of any mandatory service charge which is separately <br /> stated on customers' bills for purchase and consumption of food <br /> and beverages, if all of the proceeds of the service charge are <br /> in fact turned over to the employees , who would normally have <br /> received tips had the service charge policy not been introduced <br /> or (c) charges that are added to the price by the seller on <br /> account of the seller' s duty to collect, from the purchaser, the <br /> tax imposed upon the purchaser under this chapter or on account <br /> of a tax liability imposed upon the seller or the purchaser under <br /> any other ordinance of the City or of any other unit of local <br /> government or under any law of the State of Illinois upon or in <br /> connection with such sale, purchase or use. "Selling price" <br /> shall include consideration for a sale at retail incidental to a <br /> sale of service to the extent such consideration constitutes cost <br /> price as defined in the State of Illinois Service Use Tax Act. <br /> The phrase "like kind and character" shall be liberally construed <br /> (including but not limited to any form of motor vehicle for any <br /> form of motor vehicle, or any kind of farm or agricultural <br /> implement for any other kind of farm or agricultural implement) , <br /> while not including a kind of item which, if sold at retail by <br /> the retailer, would be exempt from tax hereunder as an isolated <br />
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