(Sept. 19, 2019) The city of Chicago’s amusement tax on streaming services like Netflix is an unconstitutional overreach of its authority, a state appellate panel heard Thursday in a first-of-its-kind test of a city's streaming tax.
City Hall estimates the 9 percent tax will yield about $5 million
The city became the first to try to create a new revenue stream from streamers
Local governments are taxing popular cloud services to make up for lost sales tax revenue
A lawsuit filed against the Illinois city claims it had no legal right to bring in the levy which could lead to higher bills for residents
Chicago’s ‘amusement tax’ puts a fee on streaming services like Netflix, Spotify Watch the latest video at video.foxnews.com http://video.foxnews.com/v/4480344454001/?#sp=show-clips
Labell v. City of Chicago challenges Chicago’s tax on subscriptions to streaming services, such as Netflix and Spotify. The Liberty Justice Center represents Chicago taxpayers who subscribe to these streaming services and are forced to pay the tax. The excerpt below is from an article...