This bill introduces a tax on commercial data collectors based on the number of New Jersey consumers whose data they collect each month. The tax rates are tiered, starting at $0.05 per consumer for those collecting data on 1 million to 2 million consumers, and increasing to $2,250,000 plus $0.50 per consumer for those collecting data on 10 million or more consumers. The bill defines key terms such as "collect," "commercial data collector," and "consumer," and establishes a presumption that a consumer is a New Jersey resident if their data indicates a New Jersey address or IP location, although this presumption can be rebutted with evidence.

Additionally, the bill allocates the first $60 million in annual revenue from this tax to a special account dedicated to supporting the 9-8-8 Suicide and Crisis Lifeline Trust Fund. These funds will be appropriated to the Department of Human Services to enhance crisis intervention services and care coordination for individuals using the 9-8-8 hotline. The bill also allows commercial data collectors to claim a credit for taxes paid to other states with similar tax laws. The provisions of the bill will take effect immediately, with the tax implementation commencing three months after the adoption of necessary regulations.