Chicago's 9 percent cloud tax will include real estate listings, prices

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Dive into the latest Technology affecting RE, July 17, 2018

On June 9, the city of Chicago released a tax expansion ruling to include streaming and cloud-based data in its 9 percent gross receipt tax. Effective July 1, the “clarification” has technology companies, lawmakers and housing market experts in the city scratching their heads, wondering what the ruling covers and how much of an impact it could have.