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New York Lawmaker Proposes 5% Tax on Companies That Share Data

Jan. 22, 2020, 9:49 PM

Any corporation that makes money from data shared by New York consumers would have to pay a 5% tax on its gross income under a bill introduced in the state Legislature.

The proceeds of the proposed digital tax (A9112/S6102) would go into a state fund that would disburse a portion of its earnings to taxpayers. The fund would be held by the state comptroller and the state tax commissioner, and overseen by a board that would set the disbursement amounts.

  • The bill, introduced Tuesday by Assembly Member Stacey Pheffer Amato (D), faces uncertain prospects. An ...