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HB 1458 Hawaii House · 2025 Regular Session

RELATING TO TAXATION OF ADVERTISING REVENUE BY MAJOR SOCIAL MEDIA PLATFORMS.

Summary
Directs the Department of Taxation to apply the state corporate income tax to advertising revenue earned by major social media platforms if the revenue is derived from content created within the State or from audiences located in the State. Establishes the Broadband and Digital Equity Special Fund to receive those revenues to fund initiatives expanding broadband access and local journalism initiatives. Appropriates funds.
Issues: ✓ Budget & TaxesSupports Budget & TaxesCreates new corporate tax on social media ad revenue to fund broadband/journalism initiatives, directly advancing public spending priorities through tax revenue generation.95% confidence ✓ TechnologySupports TechnologyFunds broadband expansion and digital equity initiatives via tax on social media ad revenue, directly advancing internet access and digital inclusion.95% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 23, 2025 Last action Jan 27, 2025
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
1
Jan 27, 2025
Committee
Referred to ECD, CPC, FIN, referral sheet 4
lower
Jan 23, 2025
Introduced
Introduced and Pass First Reading.
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Ikaika Hussey
Ikaika Hussey
DDemocratic
HI
29