(a) In general

Chapter 33 of the Internal Revenue Code of 1986 is amended by inserting after subchapter C the following new subchapter:

D Digital Advertising Services

4286. Imposition of tax

(a) In general

There is hereby imposed on each covered taxpayer for any taxable year a tax equal to 50 percent of the amount by which the taxpayer’s gross receipts for the preceding taxable year which are attributable to hosting digital advertising services in the United States exceeds $2,500,000,000.

(b) Covered taxpayer

For purposes of this section, the term covered taxpayer means, with respect to any taxable year, any person—

(1)

engaged in the business of hosting digital advertising services, and

(2)

whose gross receipts for the preceding taxable year which are attributable to hosting digital advertising services are at least $2,500,000,000.

(c) Digital advertising services

For purposes of this section, the term digital advertising services means advertisement services on digital interfaces, including advertisements in the form of banner advertising, search engine advertising, interstitial advertising, sponsored shopping and search results, and other comparable advertising services.

(d) Other definitions

In this section—

(1) Gross receipts

The term gross receipts has the same meaning as when used in section 448(c)(3)(C).

(2) Digital interface

The term digital interface means any type of software, including a website, a part of a website, or an application.

(e) Regulations

The Secretary shall issue such regulations or other guidance as may be necessary or appropriate to carry out the purposes of this section, including regulations that impose a penalty fee on any person engaged in the business of hosting digital advertising services who deliberately advertises or promotes the use of virtual private network services for the purpose of evading the tax imposed under this section.

(b) Clerical amendment

The table of subchapters for chapter 33 of such Code is amended by inserting after the item relating to subchapter C the following new item:

(c) Effective date

The amendments made by this section shall apply to taxable years beginning after December 31, 2025.

(a) In general

Subchapter A of chapter 98 of the Internal Revenue Code of 1986 is amended by adding at the end the following new section:

9512. Local Journalism Preservation Trust Fund

(a) Creation of Trust Fund

There is hereby established in the Treasury of the United States a trust fund to be known as the Local Journalism Preservation Trust Fund, consisting of such amounts as may be appropriated to such Trust Fund as provided in this section.

(b) Transfer to Trust Fund of amounts equivalent to certain taxes

There are hereby appropriated to the Local Journalism Preservation Trust Fund amounts equivalent to one-third of the taxes received in the Treasury under section 4286. Such amounts shall be held in such Trust Fund unless and until a law is enacted which establishes a tax credit for—

(1)

local journalism entities for expenses related to the hiring of journalists, or

(2)

small businesses for expenses related to advertising in local news outlets.

(c) Transfers from Trust Fund on account of certain credits

After the effective date of the first law which meets the description in subsection (b), the Secretary shall pay from time to time into the general fund of the Treasury amounts equivalent to the credits allowed under each law which meets the description of subsection (b). Such amounts shall be transferred on the basis of estimates by the Secretary, and proper adjustments shall be made in amounts subsequently transferred to the extent prior estimates were in excess of or less than the credits allowed.

(b) Clerical amendment

The table of sections for subchapter A of chapter 98 of such Code is amended by adding at the end the following new item:

(c) Effective date

The amendments made by this section shall apply to taxes received after December 31, 2025.

(a) In general

Subchapter A of chapter 98 of the Internal Revenue Code of 1986, as amended by section 3, is amended by adding at the end the following new section:

9513. One-on-One Tutoring Trust Fund

(a) Creation of Trust Fund

There is hereby established in the Treasury of the United States a trust fund to be known as the One-on-One Tutoring Trust Fund, consisting of such amounts as may be appropriated to such Trust Fund as provided in this section.

(b) Transfer to Trust Fund of amounts equivalent to certain taxes

There are hereby appropriated to the One-on-One Tutoring Trust Fund amounts equivalent to one-third of the taxes received in the Treasury under section 4286.

(c) Expenditures from Trust Fund

Amounts in the One-on-One Tutoring Trust Fund shall be available, without further appropriation, for making expenditures to carry out the purposes of the grant program established under section 6 of the Education Not Endless Scrolling Act.

(b) Clerical amendment

The table of sections for subchapter A of chapter 98 of such Code, as amended by section 3, is amended by adding at the end the following new item:

(c) Effective date

The amendments made by this section shall apply to taxes received after December 31, 2025.

(a) In general

Subchapter A of chapter 98 of the Internal Revenue Code of 1986, as amended by the preceding provisions of this Act, is amended by adding at the end the following new section:

9514. Career and Technical Education Support Trust Fund

(a) Creation of Trust Fund

There is hereby established in the Treasury of the United States a trust fund to be known as the Career and Technical Education Support Trust Fund, consisting of such amounts as may be appropriated to such Trust Fund as provided in this section.

(b) Transfer to Trust Fund of amounts equivalent to certain taxes

There are hereby appropriated to the Career and Technical Education Support Trust Fund amounts equivalent to one-third of the taxes received in the Treasury under section 4286.

(c) Expenditures from Trust Fund

Amounts in the Career and Technical Education Support Trust Fund shall be available, without further appropriation, for making expenditures to carry out section 111 of the Carl D. Perkins Career and Technical Education Act of 1965.

(b) Clerical amendment

The table of sections for subchapter A of chapter 98 of such Code, as amended by the preceding provisions of this Act, is amended by adding at the end the following new item:

(c) Effective date

The amendments made by this section shall apply to taxes received after December 31, 2025.

(a) Grant program authorized

Not later than 180 days after the date of enactment of this Act, the Secretary of Education shall award grants, on a competitive basis, to State educational agencies to provide funds to eligible schools served by such agencies to support individual tutoring programs for students.

(b) Regulations

The Secretary of Education shall promulgate regulations and issue any guidance that may be necessary to award the grants under subsection (a), which shall include any application requirements, grant periods, and grant amounts, and the requirements for the individual tutoring programs to be funded by such grants.

(c) Definitions

In this section: