The French government is considering creating a new tax on smartphones and tablets in a bid to raise millions to support the creation of digital cultural content inside France, The Associated Press reported.

The proposal, handed to President Francois Hollande Monday, May 13, outlines a 1 percent tax on the sale of Internet-compatible devices, targeting companies such as Google, Apple and Amazon.

The tax would yield about 86 million euros per year. The revenue would help cultural industries create French content such as music, images and videos.