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:
“But human experience is usually paradoxical, that means incongruous with the phrases of current talk or even current philosophy.”
—George Eliot [Mary Ann (or Marian)
“Courts of law, and all the paraphernalia and folly of law ... cannot be found in a rational state of society.”
—Robert Owen (1771–1858)
“If ever the search for a tranquil belief should end,
The future might stop emerging out of the past,
Out of what is full of us; yet the search
And the future emerging out of us seem to be one.”
—Wallace Stevens (1879–1955)
“A single gentle rain makes the grass many shades greener. So our prospects brighten on the influx of better thoughts.”
—Henry David Thoreau (1817–1862)