HB 4142
Taxation: other; digital advertising services tax act; create. Creates new act.
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- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
House Bill 4142 creates the "Digital Advertising Services Tax Act," which imposes a tax on the annual gross revenues of businesses providing digital advertising services in Michigan. The tax rate varies based on the company’s global annual gross revenues, ranging from 2.5% to 10%. Businesses with annual revenues exceeding $1 billion are subject to the highest tax rate. The Department of Treasury will administer the tax, and revenue collected will be distributed to the state school aid fund and the Michigan transportation fund.
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