An Act establishing a tax on local revenues from digital advertising
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill proposes to create a tax on the revenue generated by local governments from digital advertising. The tax would be applied to the income received by municipalities from companies that display digital advertisements. The goal is to provide additional revenue for local governments, potentially to fund public services or infrastructure projects. This legislation is similar to previous proposals aimed at taxing digital advertising revenue.
Key provisions
- Establishes a tax on local revenues derived from digital advertising.
- Specifies that the tax applies to income received by municipalities.
- Does not detail the specific rate or scope of the tax.
- Likely requires municipalities to report digital advertising revenue.
- May include provisions for auditing and enforcement of the tax.
Who is affected
- Local governments (municipalities)
- Digital advertising companies
- Businesses that utilize digital advertising
Notable changes
- Introduces a new revenue stream for local governments through digital advertising.
- Potentially shifts the tax burden from consumers to digital advertising companies and municipalities.
Bill text
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Sponsors
Official sponsors from legislative records.
2 on record
Primary sponsor
Cosponsor
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