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CHICAGO LOOKS TO THE INTERNET FOR MORE TAX REVENUES
03rd July, 2015 at 09:45:59
City residents will now pay an extra 9% tax to use services such as Netflix, Spotify and online gaming.
According to a CNN Money report, Chicago has introduced a new 9% tax on city residents who use internet services such as Netflix, Spotify and online gaming. The city expects the change to generate an extra $12 million annually.
The report reveals that last month Chicago's finance department amended the established amusement tax to include "electronically delivered amusements."
The change took effect last Wednesday, and applies to users with Chicago billing addresses; it adds Chicago to more than two dozen states which already charge sales tax on digital services.
The online gaming provision is interesting when positioned alongside a prediction on internet gambling in Illinois made by US analyst Chris Krafcik at a Californian online poker legalisation hearing recently.
Krafcik testified before the California Assembly Governmental Organization Committee that future intrastate legalisation initiatives could be classified in two waves; current drives in Pennsylvania, California and New York, which could see one or more legalisations by the end of 2017, constituting a second wave following legalisation already achieved in Nevada, Delaware and New Jersey.
The third wave would see one or more states legalise by 2020; this included Illinois, Rhode Island, Connecticut and Ohio.
Related News Tags: New Jersey, California
BULLISH FORECAST FOR PENNSYLVANIA ONLINE GAMBLING
28th March, 2017 at 19:47:54
Hundreds of millions of dollars in new tax revenue possible with legalisation.
MORE DETAILS ON COSTA ONLINE GAMBLING LEGALISATION BILL IN PENNSYLVANIA (Update)
21st March, 2017 at 21:54:56
Senator Jay Costa introduces his bill SB524 with the support of three other senators.
NOW WEST VIRGINIA EYES ONLINE GAMBLING LEGALISATION
18th March, 2017 at 06:34:19
New legalisation bill follows earlier challenge to PASPA
RESPIN CLINCH FIRST TIER 1 US CASINO DEAL
15th March, 2017 at 16:08:44
For launch of Rapid Games in-venue mobile games platform.
REPUBLICANS FILE ANTI-ONLINE GAMBLING BILL IN PENNSYLVANIA
14th March, 2017 at 08:11:41
HB801 has echoes of last year's unsuccessful attempt authored by former Representative (now Senator) Mario Scavello.