Chicago Lease Tax Explained: What Your Business Needs to Know in 2025

Chicago Lease Tax in 2025: What Every Business Needs to Know

Is your business leasing equipment, software, or furniture that's used in Chicago? If so, there's a local tax you can't afford to ignore — and in 2025, it just got more expensive.

In this video, we break down the Chicago Personal Property Lease Transaction Tax, which increased to 11% on January 1, 2025. This tax applies whether your company is located in Chicago or not — if the leased property is used within city limits, you may be on the hook.

🔍 You’ll learn:

What the lease tax covers (hint: it includes both physical and digital items)

Who it applies to — including out-of-state companies

Real-life examples across industries (tech, staging, events, rentals, and more)

How to avoid double taxation with Illinois lease taxes

What to do to stay compliant with city regulations

💡 Whether you're a startup leasing laptops to Chicago-based employees, a staging company furnishing downtown condos, or a software provider with users in the city — this tax matters.

👨‍⚖️ At Gordon Law, we help businesses understand and navigate Chicago’s complex tax rules so you can avoid costly mistakes.

Need help with lease tax compliance or registration?
Visit https://gordonlaw.com to speak with our team.

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