Massachusetts S2004 proposes a tax on digital advertising services for corporations with over $25 million in annual revenue.
Massachusetts S2004 introduces a tax on digital advertising services for corporations earning more than $25 million annually within the state. The tax rate is set at 5% of the corporation's annual revenue from these services. The revenue generated will be divided between the Local Newspaper Trust Fund and the Pre-K and After School Program Trust Fund, with the remaining funds going to the General Fund. The tax applies to services accessed by users with an IP address located within Massachusetts.
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