Internet Tax Moratorium Averts Scary Halloween Scenario for Net Users and Taxpayers
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WASHINGTON - A scary Halloween scenario for the nation's Internet users and taxpayers was averted today when Congress approved a seven-year extension of the Internet Tax Moratorium in time for President Bush to sign it into law before the current law expires on Nov. 1.
The new moratorium on state and local taxation of Internet access services approved by the House today is the same legislation approved by the Senate last week, so no conference meeting between the two bodies will be necessary. The following statement should be attributed to Peter Davidson, Verizon senior vice president of federal government relations:
"Verizon applauds the House and Senate for once again extending the moratorium on taxes on consumers' access to broadband. Broadband access is now a crucial driver of America's economy, and this moratorium extension will ensure continued investment and growth in the broadband marketplace. This is good for consumers and businesses across the country."
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