Tennessee SB0270 proposes a tax on digital advertising to fund universal pre-K programs.

Tennessee SB0270, the Universal Pre-K Funding Act, proposes a data transaction privilege tax on digital advertising services to fund universal pre-K programs. The tax applies to businesses with annual gross revenues of $50 million or more from digital advertising services in Tennessee. The tax revenue will be deposited into the universal pre-K fund, administered by the Department of Education, to support pre-K programs in public and public charter elementary schools.

Tennessee SB0270 proposes a tax on digital advertising to fund universal pre-K programs.

Tennessee SB0270, the Universal Pre-K Funding Act, proposes a data transaction privilege tax on digital advertising services to fund universal pre-K programs. The tax applies to businesses with annual gross revenues of $50 million or more from digital advertising services in Tennessee. The tax revenue will be deposited into the universal pre-K fund, administered by the Department of Education, to support pre-K programs in public and public charter elementary schools.