Maryland approves first state tax on digital ads from FaceBook and Google
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Maryland has passed the U.S.’s first tax on the revenue from digital advertisements sold by companies like Facebook, Google, and Amazon.
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The State Senate voted on Friday to override the governor’s veto of the measure, following in the footsteps of the state’s House of Delegates, which gave its approval on Thursday. The tax will generate as much as an estimated $250 million in the first year after enactment, with the money going to schools.
To read the rest of the New York Times article, click here.
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