Using Microsoft, Salesforce, ChatGPT will cost more under Johnson’s Cloud Tax – Illinois Policy

The tax increase is the largest single source of revenue in the city’s proposed 2026 budget and is expected to bring in $333 million from the hike, $1.1 billion in total. Known formally as the Personal Property Lease Tax, it’s aimed at businesses, but the added costs will most likely find their way to consumers as businesses pass them along.