MA H2894

Bill

MA H2894

Relative to taxation of digital advertising services

Introduced
03/29/2021

In Committee
03/29/2021

Crossed Over

Passed

Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

Relative to taxation of digital advertising services. Revenue.

AI Summary

This bill establishes two new trust funds in Massachusetts: the Local Newspaper Trust Fund and the Pre-K and After School Program Trust Fund. The Local Newspaper Trust Fund will provide grants to local newspapers in the state with a circulation of less than 50,000 on weekdays. It will be funded by $3 million annually from a new 5% tax on the revenue from digital advertising services within Massachusetts that exceeds $25 million per year. The Pre-K and After School Program Trust Fund will provide grants to the state's universal pre-kindergarten program, early education and care programs, and school-aged child care programs. It will be funded by 50% of the revenue from the new digital advertising services tax. The remaining revenue from the digital advertising services tax will go to the state's General Fund. This new tax is intended to aid local businesses, promote an informed populace, and support early childhood education programs in Massachusetts.

Committee Categories

Budget and Finance

Sponsors (5)

Dylan Fernandes (D)*, Michelle Ciccolo (D), Jim Hawkins (D), Sarah Peake (D), Lindsay Sabadosa (D),

Last Action

Accompanied a study order, see H5279 (on 10/06/2022)

Official Document

https://malegislature.gov/Bills/192/H2894

(16 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/192/H2894
Bill	https://malegislature.gov/Bills/192/H2894.pdf

Bill	Bill Name	Last Action	Type
H2959	Relative to the taxation of rolling stock	No further action taken	Similar To
H2981	To insure fair taxation of affordable housing	Accompanied a study order, see H5247	Similar To
H3008	Relative to condominiums	No further action taken	Similar To
H3028	To support on-farm machinery maintenance	Accompanied a study order, see H5248	Similar To
H3079	Rescinding the discriminatory effect of IRC 280E on businesses legally selling marijuana	Accompanied H3045	Similar To
H3097	Relative to the taxation of inventory in manufacturing	Accompanied a study order, see H5247	Similar To
H4009	Relative to the taxation of pass-through entities	Chapter 69 of the Acts of 2021	Similar To
H5279	Study Order	No further action taken	Replaced by
S1900	Establishing a tax credit for employment of national guard members	Accompanied H2857	Similar To
S1913	Relative to the fair taxation of alcoholic beverages	Accompanied a study order, see H5250	Similar To
S1921	Relative to the taxation of cider	No further action taken	Similar To
S1928	Relative to the taxation of small business in the Commonwealth	Accompanied a study order, see H5248	Similar To
S1938	To increase accountability in the sale of personal data	Accompanied a study order, see H5279	Similar To
S1984	Relative to the taxation of rolling stock	Accompanied H2959	Similar To
S2404	Providing for prisoners of war	Bill reported favorably by committee and referred to the committee on Senate Ways and Means	Similar To
S2526	Relative to raising the income threshold for senior real property tax deferments in the town of Milton	Signed by the Governor, Chapter 71 of the Acts of 2022	Similar To

Bill > H2894

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (5)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary