Bill > A05842

This bill establishes a tax on annual gross revenue derived from digital advertising services in the state of New York. The tax rate is set at 7% for persons with annual gross revenues from digital advertising exceeding $100 million. The bill defines key terms such as "digital advertising services," "digital interface," and "assessable base" to determine the tax liability. It also outlines the filing requirements, including quarterly estimated tax returns and annual tax returns, as well as the payment schedule for the digital advertising gross revenues tax.