Maryland has become the first state in the nation to approve legislation taxing Big Tech’s advertisement revenue, as the Democratic-controlled Legislature overrode Gov. Larry Hogan’s veto on the measure. Following an 88–32 vote in the House of Delegates, the state Senate overrode the veto on Feb. 12 by a margin of 29–17. The bill has two components: increasing taxes on tobacco products and implementing a brand new tax on revenues of digital advertising. “The bill imposes a tax on the annual gross revenues … derived from digital advertising services in the State,” a summary from the House says. The amount of taxes will depend on global annual gross revenues; people or companies with higher revenues will be ordered to surrender higher percentages of what they make through digital ads. “Companies like Amazon, Facebook, and Google have seen their profits drastically increase during the COVID-19 pandemic while our Main Street businesses …
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