Moratorium on Internet Tax
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The Senate passed a bill extending the moratorium on State’s imposing taxes on taxing internet service. Congress has a similar bill and a compromise is expected as the main difference is the amount of time this moratorium is to run. This moratorium, first put in place in 1998 was due to expire Nov1, 2007. Depending on the compromise, it will be extended again between 4 and 7 years.
I was quite surprised to see the moratorium extended. Many states are writing their budgets in red ink and looking for ways to generate more revenue. I question why after 9 years of playing with a moratorium they didn’t just pass a law making it illegal for states to tax internet service. But, in typical political fashion, they want to leave a back door open.
I’m sure with this in the news the world will be flooded with e-mails about email taxes again.
[tags]internet tax,chris pirillo,lockergnome,miiikeee[/tags]
2 Comments
Jim
October 26th, 2007
at 11:21am
Enough of internet taxes, and taxes in general. The government seems to hit us every way they can and I’m quite sick of it. They get me on my house, my clothes, my beer, my cigarettes, my food, my electricity, my phone, my water bill, etc.
They should focus on getting money from large corporations who avoid paying tax and stop focusing on getting the small guy yet again.
I’m now jumping off of my soap box.
Wayne
October 27th, 2007
at 11:25pm
The Goverment get’s money from everywhere
aren’t they rich enough,
give us a break on something ‘commies.