Tax law

Congress Set To Permanently Ban Taxation Of Internet Access

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What has 214 co-sponsors in the House and is probably going to become law? More popular than ice cream, the Permanent Internet Tax Freedom Act would forever ban taxation of Internet access and “discriminatory” taxes on “electronic commerce.”

You’ll note that the bill is called the Permanent Internet Tax Freedom Act, and not the Internet Tax Freedom Act. That’s because former law, which set in place the rules to begin with, expires this year.

Here’s the relevant, original portion of the text:

Screen Shot 2014-06-16 at 5.05.09 PM

And here’s the text of the Freedom Act:

Screen Shot 2014-06-16 at 5.06.00 PMSimple.

According to The Hill, the House Judiciary Committee will mark up the bill this Wednesday morning. Guess what the Senate named its version of the bill? The Internet Tax Freedom Forever Act. These Congressional types and their witty names.

The Senate version has 50 co-sponsors. All aboard! Barring something dramatic, we could actually pass something this Congress.

IMAGE BY Flickr USER ttarasiuk UNDER CC BY 2.0 LICENSE