Effective January 1, 2026, Chicago has increased the rate of its Personal Property Lease Transaction Tax from 11% to 15%. Further changes can be found here.
Chicago Personal Property Lease Transaction Tax Increased to 15%
Emily Morillo
January 6, 2026
Sign up for Email Updates
Stay up to date with the latest tax and compliance updates that may impact your business.
Author
Emily Morillo
Emily Morillo is a Junior Regulatory Counsel in the Regulatory Analysis & Design Department at Sovos. Emily focuses on domestic sales & use taxes and related fees. She received her J.D. from Campbell University and her B.A. in Political Science from the University of North Carolina at Wilmington. Emily is a member of the North Carolina State Bar.
Share This Post