Internet Tax Freedom Act Update: With Spending Bill, House Extends Moratorium on Taxing Internet Access

Dec 18, 2015, 17:18 ET from Ryan, LLC

DALLAS, Dec. 18, 2015 /PRNewswire/ -- The Internet Tax Freedom Act (ITFA), which bars states from enacting new taxes on Internet access, was included in the omnibus spending package that passed both houses of Congress today. The spending package had been extended by continuing resolution last week, incidentally avoiding the scheduled expiration of ITFA on December 11th. The passage of the omnibus spending bill extends the moratorium on new taxes for Internet access until October 2016. The White House has previously said it would sign the bill, which is the final step in the legislation becoming law.

On December 11th, the House passed an unrelated trade bill that contained language providing for the Permanent Internet Tax Freedom Act (PITFA), which would have struck entirely the expiration provisions that force reconsideration of the ITFA every few years. However, this week, the Senate appears to have removed such language from the trade bill, and with ITFA's scheduled expiration postponed another year by the spending package, the discussion of PITFA appears to have moved into next year as well.

About Ryan
Ryan is an award-winning global tax services firm, with the largest indirect and property tax practices in North America and the seventh largest corporate tax practice in the United States. With global headquarters in Dallas, Texas, the Firm provides a comprehensive range of state, local, federal, and international tax advisory and consulting services on a multi-jurisdictional basis, including audit defense, tax recovery, credits and incentives, tax process improvement and automation, tax appeals, tax compliance, and strategic planning. Ryan is a three-time recipient of the International Service Excellence Award from the Customer Service Institute of America (CSIA) for its commitment to world-class client service. Empowered by the dynamic myRyan work environment, which is widely recognized as the most innovative in the tax services industry, Ryan's multi-disciplinary team of more than 2,100 professionals and associates serves over 12,000 clients in more than 40 countries, including many of the world's most prominent Global 5000 companies. More information about Ryan can be found at ryan.com.

TECHNICAL INFORMATION CONTACT:

Jeremiah T. Lynch
Principal
Ryan
212.871.3901
jeremiah.lynch@ryan.com

Logo - http://photos.prnewswire.com/prnh/20140716/127737

Available Topic Expert(s): For information on the listed expert(s), click appropriate link.
Jerry Lynch
https://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei=113520

 

SOURCE Ryan, LLC



RELATED LINKS

http://www.ryan.com