New York bill S04778 proposes a tax on annual gross revenue from digital ads.

New York bill S04778 amends the tax law to establish a tax on annual gross revenue derived from digital advertising services in the state. The tax applies to individuals or entities with annual gross revenues from digital advertising exceeding one million dollars. The tax rate is seven percent of the assessable base for those with annual gross revenues exceeding one hundred million dollars. The bill defines "digital advertising services" as advertisements on digital interfaces that use personal information.

New York bill S04778 proposes a tax on annual gross revenue from digital ads.

New York bill S04778 amends the tax law to establish a tax on annual gross revenue derived from digital advertising services in the state. The tax applies to individuals or entities with annual gross revenues from digital advertising exceeding one million dollars. The tax rate is seven percent of the assessable base for those with annual gross revenues exceeding one hundred million dollars. The bill defines "digital advertising services" as advertisements on digital interfaces that use personal information.