Creates an excise tax on the collection of consumer data by commercial data collectors
Imposes a new excise tax on collecting consumer data by commercial data collectors, raising costs for data collectors and potentially passed to customers.
Imposes a new excise tax on collecting consumer data by commercial data collectors, raising costs for data collectors and potentially passed to customers.
A 1434, titled "Creates an excise tax on the collection of consumer data by commercial data collectors," would establish an excise tax on the act of collecting consumer data by entities identified as commercial data collectors. The bill was introduced on January 9, 2025 and is currently in print form as 1434A. The proposal is being considered in the Ways and Means committee process, with multiple amendments and reprints noted in the legislative actions.
The precise details—such as the tax rate, taxable base, exemptions, administration, and designated uses of revenue—are not provided in the summary. The bill’s text would define these elements and any specific compliance and enforcement provisions.
Compiled from official sources — confirm details with the bill’s official record.
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