Large tech companies affected by Maryland’s one-of-a-kind tax on digital advertising will have until Nov. 8 to submit comments on proposed regulations drafted by the office of state Comptroller Peter Franchot.
The regulations were filed with Maryland’s administrative rules body but not yet published in the Maryland Register, a spokesperson for Franchot said.
The primary feature of the draft tax regulations is a sourcing methodology stating revenues from worldwide digital advertising services are derived in the state when those services are accessed through a device located in the state. Sourcing of the revenue to Maryland will be linked to the ...
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