Digital advertising tax proposed to fund student loan relief

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.

Read the full story on wcny.org.