Bill > A09112

This bill requires a five percent tax on the gross income of every corporation that derives income from the data individuals of New York share with such corporations. It establishes the New York Data Fund to distribute the earnings from this five percent tax to each taxpayer in the state. The bill outlines the structure and governance of the New York Data Fund, including the creation of a board of trustees to manage and invest the fund's assets. The bill also specifies how the fund's net income will be calculated and distributed to taxpayers.