IL HB4894

Imposes a 10% tax on annual gross revenues from digital advertising services in Illinois for companies exceeding $150,000,000 in state digital advertising revenue

Covers advertising on digital interfaces including banner ads, search engine ads, and interstitial ads that use personal information for targeting

Requires quarterly estimated tax payments and annual returns filed by April 15, with declarations of estimated tax for companies expecting to exceed the revenue threshold

Revenue collected goes to the General Revenue Fund after deducting Department of Revenue administration costs

Violations carry felony penalties: Class 4 felony for amounts under $300, Class 3 felony for amounts $300 or more, with a 3-year statute of limitations