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City of Chicago Leases

McDermott Will & Emery

Taxpayers Stand to Lose Under Chicago’s Lease Tax VDA Offer

McDermott Will & Emery on

Yesterday, the City of Chicago (City) Department of Finance (Department) published an Information Bulletin that provides additional guidance on the Personal Property Lease Transaction Tax (Lease Tax) and extends a new...more

Holland & Knight LLP

Chicago's New Lease Tax Applies to Personal Property and “The Cloud” - The Tax Includes "Non-Possessory Computer Leases" Unless...

Holland & Knight LLP on

The Chicago Department of Finance (the "Department") issued Lease Transaction Tax Ruling No. 12 with respect to application of Chicago's Personal Property Lease Transaction Tax (the "lease tax") to non-possessory computer...more

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