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Senate Committee Approves Internet Tax Ban

Finance Committee approves bill imposing two-year moratorium on Net taxes.

By Elinor Mills, PCWorld   

The Senate Finance Committee Wednesday approved a bill that would impose a two-year moratorium on new Internet taxes to give a special commission time to study the issue.

The bill, sponsored by Senator Ron Wyden, an Oregon Democrat, would prohibit any new taxes on access to the Internet or goods and services purchased online and create a commission to make recommendations to the president and Congress.

The bill now goes to the full Senate for a vote. A similar bill before the Senate was approved last year by the Senate Committee on Commerce, Science and Transportation. If either bill is approved by the Senate, it will have to be reconciled with a similar House of Representatives bill that calls for a three-year Internet tax moratorium before going to the president for his signature.

The Senate Finance Committee amended the Wyden bill to reduce the length of the moratorium from three years to two years and the length of time that the special commission would have to study the issue from two years to 18 months.

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