Measure Title: |
RELATING TO TAXATION OF ADVERTISING REVENUE BY MAJOR SOCIAL MEDIA PLATFORMS.
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Report Title: |
DBEDT; Hawaii Broadband and Digital Equity Office; Broadband and Digital Equity Special Fund; Corporate Income Tax; Advertising on Major Social Media Platforms; Appropriation ($)
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Description: |
Directs the Department of Taxation to apply the state corporate income tax to advertising revenue earned by major social media platforms if the revenue is derived from content created within the State or from audiences located in the State. Establishes the Broadband and Digital Equity Special Fund to receive those revenues to fund initiatives expanding broadband access and local journalism initiatives. Appropriates funds.
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Companion: |
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Package: |
None
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Current Referral: |
ECD, CPC, FIN
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Introducer(s): |
HUSSEY
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Act: |
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Sort by Date | Chamber | Status Text |
1/27/2025 | H | Referred to ECD, CPC, FIN, referral sheet 4 |
1/23/2025 | H | Introduced and Pass First Reading. |
S = Senate |
H = House |
D = Data Systems |
$ = Appropriation measure |
ConAm = Constitutional Amendment
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HB1458