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from the no-taxation-without-something-or-other dept.
A U.S. House of Representatives committee has approved a bill that would permanently extend a moratorium on broadband access and Internet-specific taxes that Congress has temporarily extended three times over the past 16 years. The House Judiciary Committee's 30-4 vote Wednesday sends the bill to the full House for a vote. The bill would also have to pass the Senate before becoming law. The bill, called the Permanent Internet Tax Freedom Act [PITFA], would also remove past exemptions for seven states, including Texas and Ohio, that had Internet taxes in place before the moratorium first passed in 1998.
A permanent tax moratorium on Internet-only taxes will allow the Internet to continue to drive the U.S. economy and serve "as the greatest gateway to knowledge and engine of self improvement that has ever existed," said Representative Bob Goodlatte, a Virginia Republican and committee chairman. The current Internet tax moratorium expires Nov. 1. "If the moratorium is not renewed, the potential tax burden on consumers will be substantial," with access tax rates that would likely exceed 10 percent, Goodlatte said.
(Score: 2) by bradley13 on Friday June 20 2014, @04:58AM
What an acronym!
In other news, this sounds actually good. Where's the catch, hidden loophole, or whatever?
Everyone is somebody else's weirdo.
(Score: 2) by c0lo on Friday June 20 2014, @05:03AM
No catch. It means: no change to the status quo (which means no worse), but it doesn't make the things much better.
To table my point: sad is the day when we are happy not because the things got better but just because they didn't get worse.
https://www.youtube.com/watch?v=aoFiw2jMy-0
(Score: 3, Informative) by frojack on Friday June 20 2014, @07:47AM
No catch? You didn't read very carefully
Fine, so there won't be a tax on your internet service. (If the Senate agrees).
But its clear they are going to turn around and allow sales tax on purchases you make out of state via the internet. This is just their two faced way of getting to play good cop, bad cop, all at the same time.
The cost of collecting sales tax for every jurisdiction, State, County, City, of every burg and hamlet where you might happen to have a customer is going to drive a lot of small business off the net.
No, you are mistaken. I've always had this sig.
(Score: 2) by c0lo on Friday June 20 2014, @09:01AM
Well, it seems like it's a good time to reform your inane tax system.
https://www.youtube.com/watch?v=aoFiw2jMy-0