Making the Internet tax moratorium permanent

The Internet Tax Freedom Act was enacted in 1998 to promote the growth of the internet by limiting taxes on internet services.  Unfortunately, this act is set to expire in November 2007.

The Permanent Internet Tax Freedom Act of 2007 was introduced in January of this year in hopes of permanently extending this moratorium.  Testimony about the act was heard today in Washington by the House Energy and Commerce committee.

Supporters of the act include Verizon, AT&T, Comcast Corp., Direct Marketing Association, eBay,  Information Technology Association of America, National Cable and Telecommunications Association, National Taxpayers Union, NetChoice, Small Business & Entrepreneurship Council, Time Warner Communications, U.S. Chamber of Commerce, United States Telecom Association, Yahoo and many more.

Click here to learn more about the moratorium and the hearing today.

For some great eBay tax tips, please read our free special report, Tax Tips for eBay Sellers.

Tags: internet tax

If you enjoyed this post, please consider subscribing to Ebiz Tax Tips. You can subscribe to my RSS feed or via email. Thanks for visiting!

More Posts:

• IRS to Start Sending Rebates on May 2
• Do I Have To Report My Online Income?
• Welcome