Chicago to Begin Receiving Tax Money from Online Streaming Services and Gambling

2655128664_302f3a5b47_zChicago’s previously established amusement tax was amended last month to include a 9% tax rate for residents on services like Spotify, Netflix, and online gambling.

The change took effect earlier this month, and it will apply to all those with Chicago billing addresses. According to multiple media reports, the city expects the change to generate an extra $12 million each year.

More than two dozen states already charge sales tax on digital services.

Find out more at CNN Money.

Photo courtesy of: Marit & Toomas Hinnosaar

One Response

  1. Keith Ramsey