Bill > S04959

This bill creates an excise tax on the collection of consumer data by commercial data collectors in New York. The key provisions are: 1. A monthly excise tax is imposed on commercial data collectors (for-profit entities that collect, maintain, use, process, sell, or share consumer data on more than 1 million individual New York consumers per month) based on the number of New York consumers they collect data on, ranging from 5 cents per consumer over 1 million up to 50 cents per consumer over 10 million. 2. The tax applies regardless of the format (electronic or otherwise) in which the consumer data is collected. 3. "Consumer data" is defined broadly as any information that identifies, relates to, describes, is capable of being associated with, or could reasonably be linked with a consumer. 4. There is a rebuttable presumption that a consumer with a New York home address, mailing address, or IP address is a "New York consumer" subject to the tax. 5. The tax must be filed and paid on a monthly basis, and commercial data collectors must maintain records as required by the Department of Taxation and Finance. The bill will take effect immediately and apply to all tax years starting more than 6 months after enactment.