Bill > H2787

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 with a circulation of under 50,000, and will be funded by $3 million annually from a new 5% tax on digital advertising services revenue over $25 million per year within the state. The Pre-K and After School Program Trust Fund will be funded by 50% of the revenue from the digital advertising services tax and will provide grants to early education and school-aged childcare programs. The remaining revenue from the digital advertising services tax will go to the state's General Fund.

Budget and Finance

https://malegislature.gov/Bills/193/H2787