No Tax on Internet Access in USA
July 16, 2014 Taxation in USA
WASHINGTON D.C. – Internet access in the USA will never be subjected to taxes, even in states where such taxes existed previously.
On July 15th the US House of Representatives voted on and approved a proposal to permanently ban the levying of internet access taxes by state governments in the USA.
Currently there is a temporary moratorium on the imposition of internet access taxes by state governments, which was originally enacted in 1998, but was due to expire on November 1st 2014.
The previous ban on internet access taxes did not apply in states which had already levying such charges prior to 1998, such as Texas, Wisconsin and Ohio, however, the new ban will shut down this revenue stream.
Some US based experts believe that banning internet access taxes will result in a loss of USD 500 million per year in taxes in these three states, with Texas alone losing as much as USD 385 million per year.
The proposal will now be passed on to the Senate, where it is expected to be widely approved and passed.
Photo By: archie4oz