Hawaii HB1458 imposes a tax on advertising revenue from major social media platforms within the state.

Hawaii HB1458 introduces a tax on advertising revenue earned by major social media platforms if the revenue is derived from content created within the state or from audiences located in the state. The tax revenue will be deposited into a newly established broadband and digital equity special fund. This fund will support initiatives to expand broadband access and strengthen local journalism. The tax applies to platforms with over one million active users in the United States that primarily earn revenue from advertising and interact with users in Hawaii.

Hawaii HB1458 imposes a tax on advertising revenue from major social media platforms within the state.

Hawaii HB1458 introduces a tax on advertising revenue earned by major social media platforms if the revenue is derived from content created within the state or from audiences located in the state. The tax revenue will be deposited into a newly established broadband and digital equity special fund. This fund will support initiatives to expand broadband access and strengthen local journalism. The tax applies to platforms with over one million active users in the United States that primarily earn revenue from advertising and interact with users in Hawaii.