Bill > SF3065

This bill establishes a new excise tax on social media platform businesses that collect consumer data from Minnesota residents, with the tax amount varying based on the number of Minnesota consumers. Specifically, if a social media platform business collects data from more than 100,000 Minnesota consumers in a month, they will be subject to a graduated tax rate: zero tax for under 100,000 consumers, $0.10 per consumer per month for 100,000-500,000 consumers, $0.25 per consumer per month for 500,000-1,000,000 consumers, and $0.50 per consumer per month for over 1,000,000 consumers. The bill defines key terms like "consumer," "consumer data," and "social media platform business," and provides detailed rules for determining who counts as a Minnesota consumer, including presumptions based on address and IP location. The tax will be administered by the commissioner of revenue, with revenues deposited into the general fund, and will become effective for consumer data collected after December 31, 2025. The bill also includes provisions for recordkeeping, tax returns, potential credits for taxes paid in other jurisdictions, and specifies that the tax liability is a personal debt of the business required to file the return.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF3065&ssn=0&y=2025