Pursuant to the authority granted under ILCS ch. 65, act 5, § 8-11-7, now or hereafter
amended, a tax is hereby imposed upon all persons engaged in the business of renting
automobiles in the village at the rate of one percent of the gross receipts from such
rentals made in the course of such business, in accordance with the provisions of,
and to the full extent authorized by, said provisions of the Illinois Municipal Code.