Finance & Revenue
What’s happening? Maryland Legislature passed a digital ad bill, HB732 (2021 | MD), imposes a 10 cent tax on digital ads played in MD and targets companies that make more than $100 million a year selling digital advertising
Why is this important? The Republican Governor vetoed it. The Legislature overrode the veto. The opposition group is the Internet Association — a trade group representing Amazon, Facebook, Google.
How is this important? The messaging of this opposition is that we need digital ads because they allow small businesses and startups to easily and affordably access new consumers.
CNN Business | Targeting Big Tech, Maryland becomes first state to tax digital advertising
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