An Act taxing the mental health impacts of social media

This bill proposes creating a new state tax on large for-profit companies that collect data from millions of Massachusetts residents and operate social media platforms. The legislation defines these entities as "commercial data collectors" and imposes monthly fees that increase based on the number of state consumers whose data they gather, ranging from a small per-person charge to hundreds of thousands of dollars for the largest users. Companies collecting data on over one million residents would begin paying taxes, with rates scaling up significantly as the number of affected users grows beyond two, three, and four million. To enforce this, affected businesses would be required to keep detailed records and submit monthly statements to the Department of Revenue, facing monetary penalties if they fail to file on time.