Bill > S08056

This bill enacts the Digital Ad Tax Act (DATA), which establishes a tax on the annual gross revenue derived from digital advertising services in New York State. The tax rate varies from 2.5% to 10% depending on the person's global annual gross revenue, with higher rates for larger companies. The bill requires persons with at least $1 million in annual gross revenue from digital advertising in the state to file tax returns and make estimated tax payments. Any willful violation of the bill's provisions constitutes a misdemeanor.