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CHICAGO ~ Chicago has completed two major tax enforcement actions against corporations that underpaid the city's Personal Property Lease Transaction Tax, Mayor Brandon Johnson announced.
The Department of Finance identified significant gaps in tax payments from two companies with Chicago leases involving software products. The city said the recoveries rank among its largest audit collections and are its biggest single enforcement collections in more than 30 years. It did not identify the companies or disclose the amounts recovered.
Johnson said the collections reflect investments in the city's ability to pursue delinquent taxpayers, including hiring 13 auditors approved in the 2026 budget. The new auditors were hired earlier this year.
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The tax applies to businesses and individuals that lease or rent personal property used in Chicago, including computer equipment and certain data and software-related transactions.
"Large corporations, who clearly have the means to pay, should not be allowed to evade their tax obligations to Chicago," City Comptroller Michael D. Belsky said.
The administration has described the tax as a source of ongoing revenue. According to the city's August revenue report, it generated more than $737.6 million in 2026—nearly $23 million above the original projection. The city also reported that its Social Media Amusement Responsibility Tax brought in $32.4 million, $11.7 million more than expected.
Johnson said the city would continue seeking revenue from large corporations rather than placing additional pressure on working residents. His administration also says it has achieved more than $740 million in savings through organizational changes and efficiency measures since he took office in 2023.
The Department of Finance identified significant gaps in tax payments from two companies with Chicago leases involving software products. The city said the recoveries rank among its largest audit collections and are its biggest single enforcement collections in more than 30 years. It did not identify the companies or disclose the amounts recovered.
Johnson said the collections reflect investments in the city's ability to pursue delinquent taxpayers, including hiring 13 auditors approved in the 2026 budget. The new auditors were hired earlier this year.
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The tax applies to businesses and individuals that lease or rent personal property used in Chicago, including computer equipment and certain data and software-related transactions.
"Large corporations, who clearly have the means to pay, should not be allowed to evade their tax obligations to Chicago," City Comptroller Michael D. Belsky said.
The administration has described the tax as a source of ongoing revenue. According to the city's August revenue report, it generated more than $737.6 million in 2026—nearly $23 million above the original projection. The city also reported that its Social Media Amusement Responsibility Tax brought in $32.4 million, $11.7 million more than expected.
Johnson said the city would continue seeking revenue from large corporations rather than placing additional pressure on working residents. His administration also says it has achieved more than $740 million in savings through organizational changes and efficiency measures since he took office in 2023.
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