Novel Data Tax

Where: New York

How will data be taxed? An excise tax on the sale of data in New York

What are the 4 steps in the tax implementation?

• Quantify the amount of data generated by New Yorkers that is commercialized
• Create a regulatory process to register and disclose these data transactions
• Calculate the tax—a transaction fee or percentage of net revenue
• Apportion state & local government share of tax revenue

Wall Street Journal | A Tax on Data Could Fix New York’s Budget