Bill Extending Lapsed Internet Tax Moratorium Clears Congress

Vadum, Matthew
November 2004
Bond Buyer;11/22/2004, Vol. 350 Issue 32015, p7
Trade Publication
Reports on the United States Congress' approval of a bill which will extend the lapsed federal moratorium that has prevented state and local governments from taxing Internet access services. Legislators who sponsored the bill; Comments that making the ban permanent will deprive states and localities money tax revenue, which in turn will undermine their financial stability and their ability to pay debt service on bonds; Belief that President George W. Bush will sign the bill.


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