MN SF3065

Imposes a monthly excise tax on social media platform businesses that collect data from Minnesota consumers, with tiered rates: $0 for 100,000 or fewer users, $0.10/user for 100,001-500,000 users, $0.25/user for 500,001-1,000,000 users, and $0.50/user for over 1,000,000 users

Applies only to for-profit entities that collect consumer data on more than 100,000 Minnesota consumers per month; controlled groups of corporations are treated as a single entity

Defines "consumer data" broadly to include any information that identifies or could reasonably be linked to a consumer, whether directly submitted or derived from other sources

Presumes users with Minnesota addresses or IP addresses connected to Minnesota locations are Minnesota consumers, with the burden of proof on the social media company to demonstrate otherwise

Effective for consumer data collected after December 31, 2025, with revenues deposited to the general fund