Minnesota would impose a tax on consumer data collection done by social media platforms based on the number of Minnesota consumers, if the platform has more than 100,000 consumers, under a bill introduced in the state Senate.
S.F. 3065, which Sen. Ann Rest, DFL-Hennepin County, introduced Thursday, would impose a tax on social media companies that collect data from Minnesota consumers. The monthly tax would be 10 cents per Minnesota consumer on more than 100,000 consumers and up to 500,000 consumers; 25 cents per Minnesota consumer on more than 500,000 consumers and up to 1 million consumers; and 50 cents per consumer on more than 1 million consumers.
The bill would define a consumer as someone with an account on the social media application or website.
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