This bill establishes a new tax on large digital advertising services to fund educational and journalistic initiatives. It imposes a 50% tax on the gross receipts of companies hosting digital advertising services in the United States, specifically targeting those whose annual U.S. digital advertising revenue exceeds $2.5 billion. This tax applies to various forms of digital advertisements, including banner ads, search engine advertising, and sponsored content, and is set to take effect for taxable years beginning after December 31, 2025. The revenue generated from this tax is strategically allocated to three distinct trust funds, each receiving one-third of the total. The first is the Local Journalism Preservation Trust Fund , which will hold funds until a law establishes tax credits for local journalism entities hiring journalists or for small businesses advertising in local news outlets. The second, the One-on-One Tutoring Trust Fund , will finance a new competitive grant program administered by the Secretary of Education. These grants will support individual tutoring programs for students in eligible elementary and secondary schools that receive Title I funding. Finally, the Career and Technical Education Support Trust Fund is established to supplement existing funding for career and technical education. Amounts from this fund will be used to carry out Section 111 of the Carl D. Perkins Career and Technical Education Act of 1965, thereby enhancing support for vocational training and skill development. All three trust funds are designed to receive their allocated tax revenues starting after December 31, 2025, ensuring a dedicated funding stream for these critical areas.