Start-ups exempt from Chicago 'cloud tax'

In this Friday, Jan. 17, 2014 photo, a person displays Netflix on a tablet in North Andover, Mass. (AP Photo/Elise Amendola)

The city of Chicago is making changes to its new tax on cloud-based services, such as Netflix and the subscription version of Spotify.

The mayor's office announced that start-ups and small businesses will be exempt from the tax to encourage new tech jobs to come to the city.

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