MN SF3197

Imposes a monthly excise tax on social media platform businesses that collect data from more than 100,000 Minnesota consumers, with rates ranging from $0.10 per user (100,001-500,000 users) to $0.50 per user for those over 1 million users

Platforms with 100,000 or fewer Minnesota users pay zero tax; those with over 1 million users pay $165,000 plus $0.50 per additional user monthly

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

Consumers with Minnesota addresses or IP addresses are presumed to be Minnesota residents, with the burden of proof on the platform to establish otherwise

Tax revenues, including penalties and interest, are deposited into the general fund; effective for consumer data collected after December 31, 2025