Tax News

CCH (cch.taxgroup.com) reports:

The U.S. House of Representatives has passed legislation that would extend for four years the existing moratorium on state and local Internet access taxes, which is currently set to expire on November 1, 2007. The legislation, which was passed by the House Judiciary Committee on October 10, 2007, was considered by the full House under a suspension of the rules, which prevented any amendments from being offered. This procedure prevented proponents of a permanent ban, who believed they had sufficient votes to pass their alternative, from bringing it up for a vote. The U.S. Senate has yet to act to extend the moratorium. Administration officials continue to press for a permanent ban. The details of the House legislation were reported previously. (TAXDAY, 2007/10/12, S.1)
H.R. 3678, as passed by the U.S. House of Representatives, October 16, 2007.