Local Revenue Trend: Cloud Tax for Realtors, Movie Watchers & Music Lovers.

The City of Chicago is proposing a 9% tax on streaming services like Netflix and Spotify.

But, city officials say it’s not a new tax, its 2 existing taxes working in tandum. They point to these taxes:

• Personal Property Lease Transaction Tax
• Amusement Tax(tacked onto tickets for concerts and sporting events.)

Attention Realtors: Chicago will also be taxing MLS service, but not Facebook, so teens everywhere rejoice.

Texas Public Radio: Chicago’s ‘Cloud Tax’ Raises The Cost Of Streaming Videos