GOOD NEWS FOR DIGITAL ADVERTISING & SMALL BUSINESSES!

The nation’s first tax on digital advertising was struck down as unconstitutional by a Maryland judge on Monday October 17th, 2022.

The Maryland law’s fate in the courts is being closely watched by other states that have also weighed a similar tax for online ads.

The law would have taxed revenue that the affected companies make on digital advertisements shown in Maryland.

The tax rate would have been 2.5% for businesses making more than $100 million in global gross annual revenue; 5% for companies making $1 billion or more; 7.5% for companies making $5 billion or more and 10% for companies making $15 billion or more.

Republican lawmakers cheered the judge’s ruling on Monday as “a huge win for Maryland’s small businesses who rely on affordable digital advertising to market their services.”

Published On: 10/22/2022 / Categories: Blog /