As a result of two rulings, each effective July 1, 2015, the city of Chicago will attempt to tax the “Cloud” more directly and comprehensibly than any other U.S. jurisdiction. On June 9, 2015, the Chicago Department of Finance (the “Department”) issued rulings regarding (1) the application of the city’s Personal Property Lease Transaction Tax (the “Lease Transaction Tax”) to nonpossessory computer leases and (2) the application of the city’s Amusement Tax (the “Amusement Tax”) […]
Chicago
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