Bill > HB468

This bill establishes the Mental Health Care Fund for Children and Youth, a special fund administered by the Secretary of Health, to improve access to mental health care services for young people in the state, funded by a new tax on digital social media services. This tax, called the Digital Social Media Gross Revenues Tax, is imposed on the annual gross revenues of companies providing digital social media services, defined as online platforms or mobile apps where users can share content with others they know through the service, and which have over 1 million monthly active users in the U.S. or generate over $500 million in annual gross revenue, with certain exceptions for services primarily used for professional services, selling commercial products, or providing news without direct user-to-user content sharing. The tax rate varies based on a company's global annual gross revenues, ranging from 5% to 10% of their assessable base, which is the portion of their revenue derived from digital social media services within the state, determined by an apportionment fraction. Revenue collected from this tax, after administrative costs, will be distributed by the Comptroller to the Mental Health Care Fund for Children and Youth, and this tax will apply to taxable years beginning after December 31, 2028, with the entire act taking effect on July 1, 2028.

Budget and Finance

https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0468?ys=2026RS