New York S03702 imposes a five percent tax on corporations deriving income from state residents' data and establishes the New York data fund to.

New York S03702 amends the tax law to impose a five percent tax on the gross income of corporations that derive income from data shared by state residents. The bill also amends the state finance law to establish the New York data fund, which will receive the tax earnings and distribute them to each taxpayer in the state. The fund is managed by a board appointed by the governor and other state officials, with a focus on prudent investment strategies to ensure the fund's growth and stability.

New York S03702 imposes a five percent tax on corporations deriving income from state residents' data and establishes the New York data fund to.

New York S03702 amends the tax law to impose a five percent tax on the gross income of corporations that derive income from data shared by state residents. The bill also amends the state finance law to establish the New York data fund, which will receive the tax earnings and distribute them to each taxpayer in the state. The fund is managed by a board appointed by the governor and other state officials, with a focus on prudent investment strategies to ensure the fund's growth and stability.