Cook County Taxes: How High Can They Go?
- Sales Tax News
- Oct 20, 2015 | Gail Cole
Cook County, Illinois, sales tax will increase from 0.75% to 1.75% on January 1, 2016. At that point, Chicago residents will pay one of the highest rates in the country, at 10.25%. It may be good for fiscal health, but it’s hardly the kind of thing that gets touted in tourist literature.
Now Cook County Board President Toni Preckwinkle has proposed more new transition taxes. She would like to extend the county’s 3% amusement tax to several activities currently exempt from the county tax, such as bowling and golf. Cable television services would also be subject to the 3% tax.
If approved, the combined rate of amusement tax on these activities would be 12% in Chicago, which already imposes a tax of 9% on charges paid for places where amusements are conducted (5% for certain live theatrical, musical, or cultural performances). Additional information about the FY 2016 Executive Budget is available here.
Owners of bowling alleys and golf courses have expressed dismay at the news, and Comcast issued a statement against it.
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