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Sales tax and VAT updates for modern finance teams
Anrokβs team of tax experts shares the latest rate changes, taxability updates, and other news you need to know.
New York
New York considers tax on companies that use consumer data
January 8, 2025
A new bill in New York would tax companies that collect, process, or sell New Yorkersβ data. The bill would create a 2% tax on gross receipts from consumer data activities, exempt the first $5 million in gross receipts, and exempt companies less than three years old.
The bottom line: This is the third data tax proposal in New Yorkβs current session. Similar bills have been introduced twice, but they failed to advance.
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