Section 7.5-102 – Tax on Gross Revenues From Digital Advertising Services — Apportionment Determination
(a) A tax is imposed on annual gross revenues of a person derived from digital advertising services in the State. (b) (1) For purposes of this title, the part of the annual gross revenues of a person derived from digital advertising services in the State shall be determined using an apportionment fraction: (i) the numerator of which is the […]
Section 7.5-103 – Digital Advertising Gross Revenues Tax Rate
The digital advertising gross revenues tax rate is: (1) 2.5% of the assessable base for a person with global annual gross revenues of $100,000,000 through $1,000,000,000; (2) 5% of the assessable base for a person with global annual gross revenues of $1,000,000,001 through $5,000,000,000; (3) 7.5% of the assessable base for a person with global annual gross revenues […]
Section 7.5-201 – Persons Required to File Returns — Filing Declaration of Estimated Tax — Quarterly Estimated Tax Returns — Additional Information for Comptroller
(a) Each person that, in a calendar year, has annual gross revenues derived from digital advertising services in the State of at least $1,000,000 shall complete, under oath, and file with the Comptroller a return, on or before April 15 the next year. (b) (1) Each person that reasonably expects the person’s annual gross revenues derived from digital […]
Section 7.5-202 – Recordkeeping Requirements for Person Required to File Return
A person required to file a return under § 7.5–201 of this subtitle shall maintain records of digital advertising services provided in the State and the basis for the calculation of the digital advertising gross revenues tax owed.
Section 7.5-301 – Payment of Tax With Return — Quarterly Payments by Person Filing Estimated Returns
(a) Except as provided in subsection (b) of this section, each person required to file a return under § 7.5–201 of this title shall pay the digital advertising gross revenues tax with the return that covers the period for which the tax is due. (b) A person required to file estimated digital advertising gross revenues tax returns […]
Section 7.5-101 – Terms Defined
(a) In this title the following words have the meanings indicated. (b) “Annual gross revenues” means income or revenue from all sources, before any expenses or taxes, computed according to generally accepted accounting principles. (c) “Assessable base” means the annual gross revenues derived from digital advertising services in the State. (d) “Broadcast entity” means an entity that is primarily […]