In difficult budget times, we need to make sure that we close tax loopholes and re-examine deals that have outlived their usefulness. I introduced an amendment to the amusement tax ordinance that was passed by the Cook County Board of Commissioners on February 1, 2012 to address these loopholes. The amendment would require the County Board to approve exemptions or waivers to the County's amusement tax where the loss to the County would be $150,000 or more in tax revenue.
Such tax exemptions have been granted to the popular Chicago music festival Lollapalooza. Lollapalooza is a success story and a great example of how public tools like temporary tax abatements can be catalyst for cultural entrepreneurship, but the taxpayers no longer need to subsidize a profitable event.
Amending the Amusement Tax Ordinance New Clips
"Cook County sees unexpected $160k from Lollapalooza sales"
By: Lisa Donovan, June 5 2012
may drop on Lollapalooza's county tax break" - Chicago Tribune
By: John Byrne, February 3 2012
"Commissioner Bridget Gainer on Lollapalooza's Tax Break" (radio interview) - AM 560 Wind
Big John & Amy Show, February 2 2012
could lose big Cook County tax break: Commissioner" - Chicago Sun-Times
By: Lisa Donovan, February 2 2012
may have to start paying taxes to Chicago" - WLS 890 AM
Cameron, February 1 2012
Lollapalooza: Pay Up!" - WBEZ 91.5
By: Jim DeRogatis, February 1 2012
Board To Decide Whether tax Break Continues For Lollaplooza" - CBS 2 Chicago
February 1, 2012
probes Lollapalooza sales tax" - WBEZ 91.5
By: Jim DeRogatis, January 29 2012
Would Put Lolla's Tax Exemption Up to Board Vote" - Chicagoist
By: Chris Bentley, January 20 2012