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December 06, 2004

President Bush signs an extension to the ban on Internet Taxation

Tax Analysts (subscription required) is reporting that President Bush on December 3, signed into law legislation an extension on the ban of internet taxation until November 7, 2007.

Surrounded by some of the bill's strongest proponets, Bush signed the bill after the initial extension expired in November 2003. The President has yet to release a statement about the bill.  The House cleared the way for the President's signature when it passed version of the moratorium on November 19 of this year.

The bill is an extension of the original Internet Tax Freedom Act of 1998 and it prohibits internet taxes as well as "multiple and discriminatory" taxes. The definition of "internet taxes" however, is narrower than in the original act which no longer includes sales over the telephone.

Posted by Gerry Torres at 09:14 AM in Taxation | Permalink

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