Bill > S06102

This bill imposes a 5% tax on the gross income of every corporation that derives income from the data individuals of New York state share with such corporations. The bill establishes the "New York Data Fund" to distribute the earnings from this 5% tax to each taxpayer in the state. The fund is managed by a board of trustees appointed by the Governor, and the monies are to be invested prudently to preserve the purchasing power of the fund over time while maximizing the expected total return. The bill outlines the structure and governance of the fund, including provisions for reporting and distributing the dividends to taxpayers.