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    Re: And even more new taxes on the way too Archived Message

    Posted by Riverbender on April 24, 2019, 11:24 pm, in reply to "Re: And new and more taxes on the way"

    House Bill 3359 would create the “Video Service Tax Modernization Act” and “Entertainment Tax Fairness Act,” which would impose new taxes on satellite and video streaming service providers and subscribers. Users of those services would pay a 1 percent tax “for the privilege to witness, view, or otherwise enjoy the entertainment,” while companies would pay a 5 percent tax on their gross revenues.

    Consumers could bear the brunt of both new taxes, as companies pass along the tax costs by charging higher prices.

    Chicago currently stretches the definition of its 9 percent citywide “amusement tax” to include online streaming services such as Netflix and Spotify, as well as Playstation rentals.

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