Bill > S02012

This bill creates an excise tax on the collection of consumer data by commercial data collectors in New York. The tax applies to for-profit entities that collect, maintain, use, process, sell, or share consumer data (excluding contact information) on more than one million individual New York consumers per month. The tax rate varies based on the number of New York consumers the data collector has, ranging from 5 cents per consumer over one million to 50 cents per consumer over ten million. The bill also includes provisions for determining who is considered a New York consumer, allowing alternative methods for calculating tax liability, providing a credit for taxes paid to other jurisdictions, and establishing recordkeeping and administrative procedures.