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November 19, 2015
November 2015 Transaction Tax Information Bulletin
This Information Bulletin (“Bulletin”) provides further guidance on the application of the City of Chicago’s Personal Property Lease Transaction Tax ("Lease Tax" or "Tax"), Chapter 3-32 of the Municipal Code of Chicago ("Code"), to various forms of nonpossessory computer leases. The publication of Personal Property Lease Transaction Tax Ruling #12 (“Ruling #12” or "Ruling") has been widely reported, and the Department of Finance ("Department") has received a number of requests for further guidance. In response to such requests, the Department prepared this Bulletin.
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