United States of America: Introduced Massachussetts Online Advertising Tax
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Description
Introduced Massachussetts Online Advertising Tax
The Act establishing a tax for online advertising is introduced in the Massachusetts General Court. The Act introduces an excise tax on any digital advertising service sold in the State, that has to be paid by the persons with revenue from digital advertising services. The excise is assessed at a rate of 6.25 percent of the persons' annual gross revenue from digital advertising services provided in Massachusetts. Revenue up to USD 1 million generated with advertisements in Massachusetts shall be exempt from the tax.
Original sourceScope
Policy Area
Taxation
Policy Instrument
Direct taxes including Digital Service Taxes
Regulated Economic Activity
online advertising provider
Implementation Level
subnational
Government Branch
legislature
Government Body
parliament
Key regulatory dimensions
Regulated subjects
The businesses, government agencies or individuals affected by this policy or regulatory change.
producer / supplier
1
Type
Private organisation
Economic activity
online advertising provider
Category
All
Policy change by business practice
The detailed activities within the scope of this policy or regulatory change.
advertisement (any targeting): sale
Regulatory tool
Subordination under digital service tax
Sanctions
Determined by existing law or regulation
Regulated subjects
1