SB3353

Imposes a 10% tax on digital advertising revenue exceeding $150 million in Illinois.

The Digital Advertising Tax Act imposes a tax on the portion of a person's annual gross revenue derived from digital advertising services in Illinois if the person's total revenue from digital advertising in the state exceeds $150 million. The tax rate is 10% of the assessable base, which is the annual gross revenue derived from digital advertising services in the state. The Department of Revenue is responsible for collecting the tax, and the revenue collected, after deducting administrative costs, is paid into the General Revenue Fund.