Monday, October 29, 2007

Senate passes Internet tax moratorium extension: 7 more years tax-free

"With the ban on taxing Internet connections set to expire at the end of October, both houses of Congress are taking action. Last night, the Senate passed a bill that would extend the 1998 Internet Tax Freedom Act yet again, this time for seven years. A version of the legislation passed by the House earlier this week would only extend it for another four years...

Once negotiators agree on a length for the extension and a revised version is passed, it is expected to be signed into law by President Bush."

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