Once upon a time, the main place you’d find advertising was in a newspaper. But then billboards became ubiquitous, followed by commercials on radio, then television. Today, it’s an inescapable element of your online experience.
But did you know that no taxes are collected when digital ads are bought in Minnesota? Nor are they for billboards. Sponsored by Rep. Liz Lee (DFL-St. Paul), HF4343 would end the state’s tax exemption for digital advertising, sales and services, and do the same for billboards. And it would lower the state’s sales tax rate by 0.125%.
On Wednesday, the House Taxes Committee laid the bill over, as amended, for possible omnibus bill inclusion.
They looked at
HF4343 would end the state’s tax exemption for digital advertising, sales and services, and do the same for billboards. And it would lower the state’s sales tax rate by 0.125%.