Health and Taxation - Digital Social Media Services and the Mental Health Care Fund for Children and Youth

HB 414 establishes a new Mental Health Care Fund for Children and Youth in Maryland, funded by a tax on the annual revenues of digital social media services operating in the state. The tax applies to digital social media companies generating significant revenue in Maryland, with revenue collected by the Comptroller and distributed directly to the fund. The fund is designed as a permanent, non-expiring account to improve access to mental health care services specifically for children and youth, separate from existing state funding. The bill amends state law to create the tax structure and define the fund’s administration, ensuring revenue is used solely for this purpose.