SB2307 Summary: Commercial Data Collector Tax Act

• Creates a monthly excise tax on commercial data collectors (for-profit entities collecting consumer data on more than 1 million Illinois residents) to be paid to the Department of Revenue and deposited in the General Revenue Fund.

• Establishes tiered tax rates based on number of state consumers, ranging from $.05 per consumer per month (0 to 999,999 consumers) to $2,250,000 per month plus $.50 per consumer per month (10 million or more consumers).

• Presumes a consumer is located in Illinois if their record shows a home address, mailing address, or internet protocol address in the state; this presumption can be rebutted with evidence of primary residence outside Illinois.

• Requires commercial data collectors to file monthly returns reporting the number of consumers and maintain records as required by the Department.

• Allows alternative methodologies for calculating consumer numbers by agreement between commercial data collectors and the Department, and permits tax credits when other states impose similar excise taxes on the same consumer.