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On July 15, 2014, the House voted in a voice vote to pass the bill. [3] A companion bill, the S.431, the Internet Tax Freedom Forever Act, was read in the Senate but not passed. [7] Eventually, the measure was tacked onto the Trade Facilitation and Trade Enforcement Act of 2015, which passed the Senate by a vote of 75 to 20. [7]
The 1998 Internet Tax Freedom Act is a United States law authored by Representative Christopher Cox and Senator Ron Wyden that established national policy regarding federal and state taxation of the internet, based upon its unique characteristics as a mode of interstate and global commerce uniquely susceptible to multiple and discriminatory taxation.
In 2013 legislation, Virginia tied its gas tax rate to passage of the Marketplace Fairness Act or similar legislation by January 1, 2015. On that date Virginia automatically increased its gas tax rate by about 45% in order to partially cover the revenue shortfall from failure to pay tax on online sales shipped from out of state.
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Alamy A tax on online sales, long sought by bricks-and-mortar retailers, moved one step closer to reality Monday when the Senate voted 69-24 in favor of the Marketplace Fairness Act. The bill ...
The Republican-passed tax-cut bill passed of 2017 capped the individual deductions for mortgage interest and state and local tax payments to help pay for business tax cuts.
Internet tax is a tax on Internet-based services. A number of jurisdictions have introduced an Internet tax and others are considering doing so mainly as a result of successful tax avoidance by multinational corporations that operate within the digital economy . [ 1 ]
The House voted on Wednesday evening to pass a $78 billion bipartisan tax package that would temporarily expand the child tax credit and restore a number of business tax benefits.