Bill > A06199

This bill creates an excise tax on the collection of consumer data by commercial data collectors. The key provisions include: - Imposing a monthly excise tax on the collection of consumer data of individual New York consumers by commercial data collectors, defined as for-profit entities that collect, maintain, use, process, sell, or share consumer data on more than one million individual New York consumers in a month. - Defining "consumer data" as any information that identifies, relates to, describes, or could reasonably be linked with a consumer. - Establishing tax rates based on the number of New York consumers a commercial data collector collects data on within a month, ranging from 5 cents per consumer over 1 million up to $2.25 million plus 50 cents per consumer over 10 million. - Allowing commercial data collectors to claim a credit against the tax paid for any identical tax paid to another state for the same consumer. - Requiring commercial data collectors to maintain records and file monthly tax returns with the Department of Taxation and Finance. - Applying the tax to tax years commencing on or after the first day of the first month that begins more than six months after the law takes effect.