Is Social Media Tax Worth a Follow?

The City of Chicago’s widely reported first-of-its-kind Social Media Amusement Tax (the Chicago SMAT) went into effect on January 1, 2026, promising to deliver tens of millions of dollars of additional revenue to the City. Whether the Chicago SMAT will actually deliver on that revenue promise is questionable, however, as its implementation and legality remain uncertain.... By: Akerman LLP - SALT Insights