Chicago Delays Lease Tax Implementation for Cloud Computing

Overview


Stephen Kranz said Chicago’s announced delay on a cloud computing tax (but not one on streaming video) likely enables the city council to eliminate or reduce the impact on small business, but added this may create other problems for the city. And even so, he continued, “We think there are serious challenges that can and should be made to both the amusement tax ruling and the lease transaction tax ruling, regardless of the delay in the lease transaction tax.’