An Act establishing a tax on local revenues from digital advertising

This bill proposes a new tax on companies that earn money from digital advertising within Massachusetts. It directly affects large businesses that run ads on websites, apps, or search engines, requiring them to pay a percentage of the revenue they generate from these ads while operating in the state. The tax rate increases based on a company's total annual revenue, ranging from 5% for those earning between $50 million and $100 million to 15% for those earning over $200 million. Companies must file annual tax returns and maintain records to prove how much advertising income they earned from users in the commonwealth.