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The California legislature is proposing a 7.25% tax on ā€œdata extraction transactions in the stateā€ through Senate Bill (ā€œSBā€) 1327. If enacted, the bill would target businesses that monetize data extracted from users (e.g., social media companies, large search engines, online retailers, etc.). ā€œData extraction transactionā€ means: ā€œ(A) A taxpayer sells user information or access to users to advertisersā€ andā€œ(B) The taxpayer engages in a barter by providing services to a user in full or partial…