Bill > HF3117

This bill establishes a new excise tax on social media platform businesses that collect consumer data from Minnesota residents, with the tax rate varying based on the number of Minnesota users. For social media platforms with fewer than 100,000 Minnesota consumers, no tax is imposed. Platforms with over 100,000 but not more than 500,000 consumers will pay $0.10 per month for users above 100,000. Platforms with over 500,000 but not more than 1,000,000 consumers will pay $40,000 plus $0.25 per month for users above 500,000, and platforms with over 1,000,000 consumers will pay $165,000 plus $0.50 per month for users above 1,000,000. The bill defines key terms such as "consumer," "consumer data," and "social media platform business," and provides detailed rules for determining who counts as a Minnesota consumer. It includes provisions for recordkeeping, administrative oversight by the commissioner of revenue, and how the tax will be reported and paid. The tax applies to for-profit entities collecting data on more than 100,000 individual Minnesota consumers in a month, with revenues to be deposited into the general fund. The bill becomes effective for consumer data collected after December 31, 2025.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF3117&ssn=0&y=2025