Modernizes funding for community media programming by imposing an assessment on streaming entertainment services.

The bill establishes a comprehensive policy for streaming entertainment services in Massachusetts. It imposes a 5% assessment on gross revenues from streaming entertainment services, collected by the Department of Revenue. The Streaming Entertainment Fund is created to manage these funds, with distributions to the Commonwealth General Fund, municipalities, and community media centers. The bill also outlines procedures for financial reporting, penalties for non-compliance, and the right to audit financial records.

Modernizes funding for community media programming by imposing an assessment on streaming entertainment services.

The bill establishes a comprehensive policy for streaming entertainment services in Massachusetts. It imposes a 5% assessment on gross revenues from streaming entertainment services, collected by the Department of Revenue. The Streaming Entertainment Fund is created to manage these funds, with distributions to the Commonwealth General Fund, municipalities, and community media centers. The bill also outlines procedures for financial reporting, penalties for non-compliance, and the right to audit financial records.