Lolla could lose county tax break

February 2, 2012 6:10:45 AM PST
After years of getting a free ride, Chicago's annual music festival Lollapalooza may have to start paying county taxes.

Cook County commissioners voted Wednesday to require organizers of events like Lollapalooza to come to the county board for approval of a long-running tax break.

The measure could mean that festivals like Lollapalooza may have to pay the county's share of the amusement tax, 1.5 percent of the ticket price on events drawing 5,000 people or more.

Last year, Lollapalooza saved an estimated $1 million in taxes.


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