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Bill > A10706
NY A10706
NY A10706Enacts the digital ad tax act (DATA); establishes a tax on annual gross revenue derived from digital ads.
summary
Introduced
07/01/2020
07/01/2020
In Committee
07/01/2020
07/01/2020
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
2019-2020 General Assembly
Bill Summary
Enacts the digital ad tax act (DATA); establishes a tax on annual gross revenue derived from digital ads.
AI Summary
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 depending on the global annual gross revenue of the person providing the digital advertising services, ranging from 2.5% to 10% of the assessable base. The bill requires persons with at least $1 million in annual gross revenue from digital advertising services to file tax returns and make quarterly estimated tax payments.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
referred to ways and means (on 07/01/2020)
Official Document
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