PSL Tax On Hold, For Now

Got this note today from the Bears:

Dear Mr. xx:

We have some important information regarding the City of Chicago's efforts to assess amusement tax on PSL transfers.

The Bears have met with the City to express our view that the City
should not be entitled to collect amusement tax on the transfer of PSLs between private parties. In addition, there is a class action lawsuit pending in Cook County challenging the Chicago amusement tax on PSLs.

Although the Bears have no role in this class action lawsuit, it appears that the city will:

• temporarily suspend asking PSL transferees to fill out the affidavit asking them the circumstances regarding the acquisition of their PSLs; and
• not engage in any billing or collection of any amusement taxes relating to the transfer of PSLs until further notice.

The Bears regret that some of our Season Ticket Holders have been inconvenienced by these legal proceedings.

While the Bears cannot provide legal advice or representation to our ticket holders, we will continue to monitor developments carefully both in terms of the class action case and the City's future enforcement actions.

Once we obtain more relevant information we will be back in touch with you.

Sincerely,
Theodore P. Phillips
President & CEO

Huh. So the class action looks as though it has worked for now, but I still wouldn't bet the farm on not paying the tax in the future.

Cross posted at Fire Ron Turner.