Maryland HB468 establishes a digital social media gross revenues tax and creates a fund to improve mental health care access for children and youth.

Maryland HB468 introduces a tax on digital social media services with annual gross revenues exceeding $1 million. The tax rate varies based on the company's global annual gross revenues, ranging from 5% to 10%. Revenue from this tax will be distributed to the Mental Health Care Fund for Children and Youth, aimed at enhancing access to mental health care services for children and youth in the state. The fund's earnings and other contributions will supplement existing funding for mental health care, not replace it. The tax and fund provisions take effect July 1, 2028.

Maryland HB468 establishes a digital social media gross revenues tax and creates a fund to improve mental health care access for children and youth.

Maryland HB468 introduces a tax on digital social media services with annual gross revenues exceeding $1 million. The tax rate varies based on the company's global annual gross revenues, ranging from 5% to 10%. Revenue from this tax will be distributed to the Mental Health Care Fund for Children and Youth, aimed at enhancing access to mental health care services for children and youth in the state. The fund's earnings and other contributions will supplement existing funding for mental health care, not replace it. The tax and fund provisions take effect July 1, 2028.