Chicago extends taxing power to online movies, music, more (only 9%)

Posted: July 5, 2015 in Uncategorized

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Chicago extends taxing power to online movies, music, more (only 9%)

Chicago Tribune ^ | 7/02/15 | John Byrne and Amina Elahi

Posted on 7/5/2015, 8:02:31 AM by Libloather

Chicagoans who pay to stream movies and music from services like Netflix and Spotify will now need to fork over an additional 9 percent for the privilege, as will Chicago businesses that pay to use everything from real estate to court databases online, under a decision the city quietly made recently to expand its taxing power..

The added costs are the result of a ruling by the city Finance Department that extends the reach of ordinances governing two types of taxes — the city amusement tax and the city personal property lease transaction tax — to cover many products streamed to businesses and residents alike.

The city expects the June ruling to bring in about $12 million each year in the…

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