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Wheeling approves streaming tax to replace lost telecom revenue
Summary
The Wheeling Village Board approved an ordinance imposing a streaming-amusement use tax expected to generate roughly $350,000 a year to offset declines in telecommunications revenue; trustees said it targets only streaming users and will avoid a larger property-tax increase.
WHEELING — The Village of Wheeling on Dec. 1 adopted an ordinance to add a streaming-amusement tax on subscription streaming services, a move officials said will help replace revenue lost as residents moved from landlines to mobile phones.
Village staff estimated the tax could generate about $350,000 annually — roughly equivalent to a 2% property-tax increase — and said the levy required without the new revenue would have been materially higher. "Staff estimates the streaming tax could generate $350,000 annually," Mr. Smith said in…
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