LB1025

Nebraska LB1025 would impose an excise tax on social media platform businesses based on the number of Nebraska consumers.

Nebraska LB1025 would establish the Social Media Collection of Consumer Data Tax Act, imposing an excise tax on social media platform businesses. The tax rate varies based on the number of Nebraska consumers from whom data is collected, ranging from $0.10 to $0.50 per consumer per month. The act defines a social media platform business and excludes certain services. Revenue from the tax would fund the Juvenile Mental Health Support Fund, administered by the Department of Health and Human Services. Businesses must report and remit the tax using prescribed forms and due dates.