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MD HB1089

MD HB1089
Data Brokers - Registry and Gross Income Tax (Building Information Guardrails Data Act of 2025)


summary

Introduced
02/05/2025
In Committee
02/05/2025
Crossed Over
Passed
Dead
04/08/2025

Introduced Session

2025 Regular Session

Bill Summary

Establishing the Privacy Protection and Enforcement Unit within the Division of Consumer Protection in the Office of the Attorney General; establishing a data broker registry; requiring certain data brokers to register each year with the Comptroller; imposing a tax on the gross income of certain data brokers for taxable years beginning after December 31, 2026; requiring the revenue from the data broker tax be used by Maryland Public Television to provide digital literacy support to students in kindergarten through 12th grade; etc.

AI Summary

This bill establishes a comprehensive framework for data broker regulation and taxation in Maryland, creating a new system to oversee and tax businesses that collect and sell personal data. The bill creates a Data Broker Registry requiring businesses that engage in data brokering to register annually with the Comptroller, providing details about their data collection practices and paying a registration fee. It imposes a 6% gross income tax on data brokers, with the tax calculated based on the proportion of Maryland addresses in the personal data they sell. The bill also establishes a Privacy Protection and Enforcement Unit within the Office of the Attorney General to protect consumers' digital privacy and enforce related laws. The revenue from the data broker tax will be distributed across several special funds, including allocations to support the Privacy Protection Unit, fund technology investment projects, provide digital literacy support through Maryland Public Television, and contribute to a community supports partnership fund. Additionally, the bill defines key terms like "data broker," "brokered personal data," and "biometric information," and outlines reporting requirements and potential penalties for non-compliance. The tax and registration requirements will take effect for taxable years beginning after December 31, 2026, with most provisions of the bill becoming effective on July 1, 2025.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

House Economic Matters Hearing (13:00:00 2/25/2025 ) (on 02/25/2025)

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