A recently-introduced bill in the West Virginia Senate would impose a new tax on companies that provide digital advertising services. SB 605, introduced on March 9 by Senator Rupie Phillips (R-Logan 07), would impose a gross receipts tax on the annual gross revenues of a taxpayer derived from digital advertising services in the state.
Policy and Legislation
Capital gains tax bill passes Washington state senate
By Nikki Dobay, Charlie Kearns, Todd Lard & Dennis Jansen on
On March 6, a bill to tax capital gains passed the Washington state senate. S.B. 5096, introduced on Jan. 6 by state senators Hunt Robinson and Wilson Nguyen, would impose an excise tax equal to seven percent of a Washington resident’s capital gains, starting January 1, 2022.
Only individuals are subject to the tax, and…
Maryland Digital Advertising Tax Amendment Bill Passes Third Reading; Heads to House of Delegates
By Charlie Kearns & Charles Capouet on
Posted in Digital Economy, Policy and Legislation
Earlier today, the Maryland Senate passed S.B. 787, Digital Advertising Gross Revenues Tax and Tobacco Tax – Alterations and Implementation, on third reading (46-0). As amended, S.B. 787 makes the following relevant changes to the digital advertising tax:
- Exempts advertisement services on digital interfaces owned or operated by or operated on behalf of
…
Georgia House considers bill to expand sales tax to digital goods
By Jonathan Feldman, Chris Lee & Charles Capouet on
Posted in Digital Economy, Policy and Legislation
On February 22, 2021, the Georgia House of Representatives introduced H.B. 594, which would impose the Georgia sales tax on digital goods or services. The bill amends the definition of tangible personal property, subject to sales tax, to include “digital goods or services.” It defines digital goods or services to include: (1) specified digital…
New York Senate introduces consumer data tax bill
By Jonathan Feldman, Chris Lee & Charles Capouet on
Posted in Digital Economy, Policy and Legislation
On February 19, 2021, the New York Senate introduced S4959, which would impose a monthly excise tax on the collection of the consumer data of individual New York consumers by commercial data collectors. The tax rate varies based on the number of New York consumers the commercial data collector collects data on within the…
Massachusetts Legislature introduces digital advertising tax bills
By Jonathan Feldman, Charles Capouet & Chris Lee on
Posted in Digital Economy, Policy and Legislation
The Massachusetts Legislature has recently introduced a variety of bills that would tax digital advertising. Notably, HD.3210 would establish the Digital Advertising Local Revenues Tax, which would be imposed on the annual gross revenues of a person derived from digital advertising services in Massachusetts. “Digital advertising services” is defined as including “advertisement services on…
Legal Alert: Georgia legislature proposes to eliminate high-tech sales tax exemption
By Eversheds Sutherland SALT on
Posted in Legal Alert, Policy and Legislation
On February 26, 2021, a subcommittee of the Georgia Ways & Means Committee quickly approved HB 428, which proposes to eliminate the current Georgia sales tax exemption for high-technology companies and facilities that invest at least $15 million in eligible computer equipment in Georgia during a calendar year. The exemption has been available to…
Maryland Digital Advertising Gross Revenues Tax – Potentially Pushed To 2022
By Todd Lard & Charles Capouet on
Posted in Digital Economy, Policy and Legislation
Earlier today, in a last minute addition to the Maryland Senate’s Budget and Taxation Committee hearing, the committee voted to approve amendments to S.B. 787, Digital Advertising Gross Revenues Tax – Exemption and Restriction. Most notably, the amendments would delay the start of the digital advertising tax to January 1, 2022.
The other relevant…
Maryland’s General Assembly Overrides Veto of Digital Products Tax
By Todd Lard & Samantha Trencs on
Posted in Digital Economy, Policy and Legislation
On February 12, 2021, the Maryland General Assembly voted to override Governor Larry Hogan’s veto of House Bill 932, which subjects digital products (both downloads and streaming) to the state’s sales and use tax.
As the Maryland Senate voted 29-17 and the Maryland House of Delegates voted 90-44, the bill received the required three-fifths…
The Latest on Maryland’s Digital Advertising Tax
By Charlie Kearns, Charles Capouet & Samantha Trencs on
Posted in Digital Economy, Policy and Legislation
On February 12, 2021, the Maryland General Assembly voted to override Governor Larry Hogan’s veto of H.B. 732, which creates an entirely new gross revenues tax on digital advertising services.
As the Maryland Senate voted 29-17 and the Maryland House of Delegates voted 88-48, the bill received the required three-fifths vote by both chambers…