Understanding Tax Exemptions and Taxables
2021: More digital and information services tax proposals
Washington
House Bill 1303
Would impose
Washington B & O tax on
receipts from sale or
exchange for
consideration of personal
information
- "personal data" is any
information that is linked
or reasonably linked to
an identified or
identifiable natural
person
Would apply to
Washington receipts
-
Connecticut
HB 5645 would impose a
gross receipts tax on
social media companies
on the apportioned annual
gross revenue derived
from social media
advertising services in the
state
HB 6187 would impose a
10 percent tax on the
annual gross revenues
derived from digital
advertising services in the
state for any business with
annual world-wide gross
revenues exceeding ten
billion dollars
Indiana
HB 1312 would impose
imposes a social media
surcharge tax on revenue
from social media
advertising services
New York
SB 302 and AB 734 would
expand the sales to include
"advertisement services on
a digital interface, including
advertisements in the form
of banner advertising,
search engine advertising,
interstitial advertising, and
other comparable
advertising services which
markets or promotes a
particular good, service, or
political candidate or
message
Other bills would amend
the income tax specifically
for social media companies
and data sharing
KPMG
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