MA S2004

Imposes a 5% excise tax on digital advertising services (banner ads, search engine ads, interstitial ads) for corporations earning over $25 million annually from such services in Massachusetts, based on IP address location of users

Creates the Local Newspaper Trust Fund to receive 15% of tax revenue, providing grants to Massachusetts-based newspapers with weekday circulation under 50,000

Creates the Pre-K and After School Program Trust Fund to receive 85% of tax revenue, funding universal pre-kindergarten, early education and care programs, and school-aged child care programs

Requires companies subject to the tax to remit payments monthly to the Commissioner of Revenue

Unexpended funds in both trust funds roll over to subsequent fiscal years rather than reverting to the General Fund