summary
Introduced
01/30/2020
01/30/2020
In Committee
01/30/2020
01/30/2020
Crossed Over
Passed
Dead
03/18/2020
03/18/2020
Introduced Session
2020 Regular Session
Bill Summary
Imposing a tax on annual gross revenues derived from digital advertising services including advertisement services on a digital interface in the State; establishing a presumption that digital advertising services are provided in the State if the digital advertising services appear on a certain device of a certain user; requiring the Comptroller to distribute digital advertising gross revenues tax revenue to administer certain tax laws and the remainder to be distributed to The Blueprint for Maryland's Future Fund; etc.
AI Summary
This bill imposes a tax on the annual gross revenues derived from digital advertising services, including advertisement services on a digital interface, in the state of Maryland. The tax rate varies from 2.5% to 10% depending on the global annual gross revenues of the person providing the digital advertising services. The bill requires persons with at least $1 million in annual gross revenues from digital advertising services in the state to file tax returns and make estimated tax payments. The revenue collected from this tax will be distributed to the Blueprint for Maryland's Future Fund, which supports education initiatives in the state.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Hearing 2/28 at 1:00 p.m. (on 02/06/2020)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0695?ys=2020RS |
| BillText | http://mgaleg.maryland.gov/2020RS/bills/hb/hb0695f.pdf |
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