Excise tax on certain social media platform businesses establishment
Minnesota bill proposes excise tax on social media platforms; withdrawn after introduction before committee review, fate uncertain pending author revision.
Minnesota bill proposes excise tax on social media platforms; withdrawn after introduction before committee review, fate uncertain pending author revision.
SF 3065 proposes to establish an excise tax on certain social media platform businesses operating in Minnesota. The bill was introduced in March 2025 but was withdrawn and returned to the author on April 1, 2025, before advancing through the legislative process. The specific tax rate, revenue projections, and which platforms would be subject to taxation are not detailed in the available legislative actions.
Social media excise taxes represent an emerging policy approach to address concerns about platform business models, data collection practices, and their societal impacts. Revenue from such taxes could fund state priorities, though implementation raises questions about competitiveness, constitutional viability, and whether similar federal action might preempt state efforts.
Compiled from official sources — confirm details with the bill’s official record.
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