Joint Committee: Economic, Capital and Technology Development; Finance
TL;DR
The committee discussed changes to how Chicago's Employer's Expense Tax applies to affiliated or combined companies. This amendment clarifies tax rules for businesses that are owned together or operate as a group, potentially affecting how certain companies are taxed on expenses.
Key Decisions
- Amendment to Municipal Code Section 3-20-020 regarding affiliated/combined company ownership provisions under Employer's Expense Tax No outcome recorded in provided agenda
Agenda
- Attendance
- 1 Amendment of Municipal Code Section 3-20-020 by adding new subsection K regarding affiliated or combined company ownership provisions under Employer's Expense TaxOrdinance