Maryland approves the Digital Advertising Gross Revenues Tax, the first tax in US on digital ads revenue, creating a 10% tax on firms with $15B+ global revenues (David McCabe/New York Times)

David McCabe / New York Times:

Maryland approves the Digital Advertising Gross Revenues Tax, the first tax in US on digital ads revenue, creating a 10% tax on firms with $15B+ global revenues  —  Analysts estimate that the tax will generate up to $250 million for schools in the state in the first year.