SB 2568

Present law provides that t here is levied a tax at the rate of the tax levied on the sale of tangible personal property at retail on the sales price of all services taxable under state sales tax law . As of January 1, 2027, this bill adds a dvertising services purchased by or on behalf of a business entity that generates annual revenue in an amount equal to or greater than $100 million as another service that is so taxed . "ADVERTISING"" DEFINED As used in this bill, ""advertising"" means any written, electronic, or printed communication for the purpose of promoting a brand, product, or service to the public in order to create an interest in the brand, product, or service, or induce a person to purchase or use a produ ct or service and includes sponsorships and television, digital, radio, billboard, and print advertising. RULEMAKING This bill authorizes the department of revenue to promulgate rules to effectuate this bill."