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Sales tax and VAT updates for modern finance teams

Anrok’s team of tax experts shares the latest rate changes, taxability updates, and other news you need to know.

Illinois

Chicago raises streaming and cloud computing tax

December 17, 2024

The city of Chicago has raised the amusement tax on streaming services from 9% to 10.25%. The city also raised personal property lease taxes on cloud computing from 9% to 11%. These tax hikes are going into effect as part of the cityβ€˜s attempt to manage its $900 million deficit.

The bottom line: These tax changes went into effect on January 1, 2025. Chicagoβ€˜s tax increases on streaming services and cloud computing signal continued complexity and heightened scrutiny in digital service taxation as the city tackles its budget deficit.

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