Maryland Becomes First in the Nation to Approve Tax on Big Tech's Advertisement Revenue
Maryland Becomes 1st State to Tax Big Tech’s Ad Revenue Maryland has become the first state in the nation to approve legislation taxing Big Tech’s advertisement revenue, as the Democratic-controlled Legislature overrode Gov. Larry Hogan’s veto on the measure. Following an 88–32 vote in the House of Delegates, the state Senate overrode the veto on Feb. 12 by a margin of 29–17. The bill has two components: increasing taxes on tobacco products and implementing a brand new tax on revenues of digital advertising. “The bill imposes a tax on the annual gross revenues … derived from dig...