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Proposed ban on Internet access taxes could cost billions in lost revenues.(News & Numbers)
State and local governments face the possibility of substantial losses in tax revenue if a federally imposed ban on Internet access taxes is enacted into law, according to a recently published report by the Center on Budget and Policy Priorities.
The Internet Tax Non-Discrimination Act of 2003 (H.R. 49), which was approved by the House of Representatives September 17, would permanently prohibit state and local governments from taxing the sales of Internet access services. According to the Multistate Tax Commission, this would reduce state and local tax revenue by $2 billion to $9 billion annually. The impact would be particularly painful for governments already facing fiscal strain.
H.R. 49 and its nearly identical Senate counterpart, S. 150, are an extension of the Internet Tax Freedom Act (ITFA), which was enacted in 1998. ITFA placed a moratorium on state and local taxation of Internet access services, which the new legislation would essentially make permanent.
Among the key changes in the legislation is an expanded definition of "Internet access" that would include ...
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...their support for S.150, the Internet Tax Non-Discrimination Act (ITNA...ensure affordable, tax-free Internet access to all Americans, especially...free Internet access through the Internet Tax Freedom Act of 1998 and its subsequent...
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* The Internet Tax Freedom Act prohibits state and local governments from taxing Internet access or taxing online sales more heavily than other sales. Congress is probably going to make the law permanent. But a few senators...
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...approved legislation on Tuesday extending a moratorium on state Internet access taxes for seven years, sending the bill to the president...November 1. Internet service providers say the price of Internet access could rise by as much as 17 percent if the moratorium on...
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- Magazine article from: The Bond Buyer Schroeder, Peter October 5, 2007 700+ words
...clock is ticking, placing Internet Tax Freedom in real jeopardy...to permanently ban taxing internet access now, before it's too late...obtaining revenue from taxing Internet access. Three Internet tax bills, one proposing a permanent...
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- Press release article from: PR Newswire October 20, 1998 700+ words
...20 /PRNewswire/ -- The Internet Tax Freedom Act will be part of...the bill. In response, The Internet Tax Fairness Coalition (www...taxation of online commerce and Internet access." The Internet Tax Fairness Coalition (www...
- League of California Cities Lauds Feinstein for Internet Tax Leadership; Bill...
- Press release article from: Business Wire November 7, 2003 700+ words
...the definition of Internet Access included in the Internet Tax Non-Discrimination...about the expanded Internet tax bill. Speaking...extension of the Internet Tax moratorium not...precise definition of Internet Access that protects city...
