Bill > HR6335

This bill, called the "Education Not Endless Scrolling Act", proposes to impose a 50% tax on digital advertising services for companies with gross receipts over $2.5 billion from digital advertising in the United States. Digital advertising services are defined broadly to include banner ads, search engine ads, interstitial ads, sponsored shopping results, and similar digital advertising. The tax revenue would be divided equally among three new trust funds: the Local Journalism Preservation Trust Fund, the One-on-One Tutoring Trust Fund, and the Career and Technical Education Support Trust Fund. The Local Journalism Preservation Trust Fund would be used to potentially create future tax credits for local journalism entities or small businesses advertising in local news outlets. The One-on-One Tutoring Trust Fund would support a new competitive grant program for individual tutoring in schools that receive federal Title I funding, while the Career and Technical Education Support Trust Fund would support career and technical education programs. The bill includes provisions for the Secretary of Education to establish grant program regulations and sets the effective date for these changes as taxable years beginning after December 31, 2025. Additionally, the bill includes a penalty for companies attempting to evade the tax through virtual private network services.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/6335/all-info