SBD/19/Law Politics

CHICAGO FANS MAY FIND NOTHING AMUSING ABOUT THIS TAX

     Chicago Mayor Richard Daley is looking at a possible
increase in the city's amusement tax to raise nearly $20M in new
tax and fee revenues.  The 1/3 rise from 6% to 8% of the
amusement tax would apply mostly to sporting events and would
"raise nearly $5-$6M additional revenue annually."  The money
would offset tax breaks for business in the '95 budget and help
pay for economic development and crime control.  The amusement
tax is "hidden in the price of entertainment events," and the
proposed increases are expected to be included in the '95 city
budget scheduled to be presented to the City Council this week
(Steven Strahler, CRAIN'S CHICAGO BUSINESS, 10/16 issue).
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