Current Law and Future Prospects
The 1998 Internet Tax Freedom Act was authored by Representative Christopher Cox, R-CA and Senator Ron Wyden, D-OR and signed into law on October 21, 1998 by President Bill Clinton in an effort to promote and preserve the commercial potential of the Internet. This law bars federal, state, and local governments from taxing Internet access and from imposing discriminatory Internet-only taxes such as bit taxes, bandwidth taxes, and e-mail taxes. The law also bars multiple taxes on electronic commerce.
The bill has been extended three times by the United States Congress since its original enactment and was last renewed on October 30, 2007 for 7 years.
Read more about this topic: Internet Taxes
Famous quotes containing the words current, law, future and/or prospects:
“Gradually the village murmur subsided, and we seemed to be embarked on the placid current of our dreams, floating from past to future as silently as one awakes to fresh morning or evening thoughts.”
—Henry David Thoreau (18171862)
“They who say that women do not desire the right of suffrage, that they prefer masculine domination to self-government, falsify every page of history, every fact in human experience. It has taken the whole power of the civil and canon law to hold woman in the subordinate position which it is said she willingly accepts.”
—Elizabeth Cady Stanton (18151902)
“I will be steel!
I will build a steel bridge over my need!
I will build a bomb shelter over my heart!
But my future is a secret.
It is as shy as a mole.”
—Anne Sexton (19281974)
“A single gentle rain makes the grass many shades greener. So our prospects brighten on the influx of better thoughts.”
—Henry David Thoreau (18171862)