”The current uncertainty over reauthorization” of the Permanent...
"The current uncertainty over reauthorization” of the Permanent Internet Tax Freedom Act “is hampering business development and further growth of the technology sector as a whole,” said an Information Technology and Innovation Foundation (ITIF) spokesman in a news release Tuesday.…
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
The House Judiciary Committee will mark up HR-3086 at 10 a.m. in 2141 Rayburn Wednesday (http://1.usa.gov/1kHa87B) (CD June 17 p9). The bill has 214 House co-sponsors (http://1.usa.gov/1l0xbiL). ITIF released a report (http://bit.ly/U6OG6E) last year in support of HR-3086. “The National Governors Association (NGA) is disappointed that the House Judiciary Committee is moving to make the Internet access tax moratorium permanent,” it said in a news release Tuesday (http://bit.ly/1jwNz64). “Federal prohibitions on state taxing authority are contrary to federalism and the sovereign authority of states to structure and manage their own fiscal systems,” said NGA. “The markup is the first step of many to ensure consumers, students, and small businesses are not burdened with new taxes on Internet access that could be as high as double the national sales tax rate,” said Annabelle Canning, Internet Tax Freedom Act Coalition executive director. “We applaud” the committee’s “efforts and hope the Senate will follow suit in moving a companion bill prior to the August recess to ensure Congress extends the Internet tax moratorium before it expires on November 1st."