Digital advertising tax proposed to fund student loan relief

David Lombardo

April 29, 2020

Originally published in WCNY: Capitol Pressroom on April 29, 2020.

Sponsored content on Facebook or banner advertisements at the top of a website might indirectly be helping curb student loan debt for New Yorkers in the future.

That’s the vision of state Sen. Kevin Thomas, a Long Island Democrat, who joined The Capitol Pressroom on Wednesday to talk about new legislation that would impose a state sales tax on digital advertising. Revenues would then be directed to a fund administered by the Higher Education Services Corporation that would offer zero interest refinancing of student loans.

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