Bill > H2966

This bill establishes a tax on local revenues from digital advertising in the Commonwealth of Massachusetts. The key provisions are: 1. It imposes a tax on annual gross revenues derived from digital advertising services in Massachusetts, with the tax rate varying from 5% to 15% depending on the company's total annual gross revenues from digital advertising. 2. Companies with at least $100,000 in annual gross revenues from digital advertising services in Massachusetts must file a tax return and pay the applicable tax. Companies that expect to exceed $100,000 in such revenues must also file quarterly estimated tax returns. 3. The Commissioner of Revenue is responsible for administering and enforcing the tax, including making assessments if a company fails to file a return or files a false return. 4. The tax is effective for the tax year beginning January 1, 2024.

Budget and Finance

https://malegislature.gov/Bills/193/H2966