On February 12, 2021, the General Assembly of the State of Maryland enacted legislation imposing the Digital Advertising Gross Revenues Tax, overriding a prior veto of the legislation by Maryland Governor Larry Hogan. The Act imposes a tax, at rates of up to 10%, on gross revenues “derived from digital advertising services in the state.” The tax could be extremely burdensome, and within days of the Act’s enactment, a number of advertising industry groups commenced litigation, in an effort to block implementation of the See more +
On February 12, 2021, the General Assembly of the State of Maryland enacted legislation imposing the Digital Advertising Gross Revenues Tax, overriding a prior veto of the legislation by Maryland Governor Larry Hogan. The Act imposes a tax, at rates of up to 10%, on gross revenues “derived from digital advertising services in the state.” The tax could be extremely burdensome, and within days of the Act’s enactment, a number of advertising industry groups commenced litigation, in an effort to block implementation of the Act.
Tax partner Andrew Lee breaks down what you need to know about this first-of-its-kind tax on this episode of the Kelley Drye's Legal Download. Also see the client alert covering the tax: https://www.kelleydrye.com/News-Events/Publications/Client-Advisories/Maryland-Enacts-Controversial-Tax-on-Digital-Adver
Contact:
Andrew H. Lee
alee@kelleydrye.com
(212) 808-7859
Bio - www.kelleydrye.com/Our-People/Andrew-H-Lee See less -
