NY Data Tax Bill Would Create Practical, Policy Hurdles
By Matt Hunsaker, Jeewon Kim Serrato and Foram Dave (March 31, 2021, 2:31 PM EDT) -- Over the last year, state and local governments have proposed a variety of novel taxes on the digital economy, including taxes on digital advertising and social media platforms.
Two factors have motivated these proposals: (1) closing budget gaps by taxing out-of-state companies; and (2) addressing perceived public policy concerns with out-of-state companies profiting on information of in-state residents.
The latest in this line of tax proposals has been a New York proposal to impose an excise tax on companies that collect data from New York consumers.
On Feb. 19, Sen. Liz Krueger, D-Manhattan, who chairs the New York State Senate Finance...
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