While federal law has long blocked most states from collecting taxes on Internet service, that prohibition has to be renewed every few years. But today President Obama signed into law a new piece of legislation that makes existing bans permanent, and puts an end date on Internet taxes for the few states that still collect them. [More]
Nearly two decades ago, Congress passed the first Internet Tax Freedom Act, establishing that — with a handful of grandfathered exceptions — local, state, and federal governments couldn’t impose taxes on Internet access. Problem is, that law has had to be renewed over and over, each time with an expiration date. But today, the U.S. Senate finally passed a piece of legislation that would make the tax ban permanent. [More]
While most states’ summer sales-tax holidays have come and gone, shoppers in six states — Connecticut, Florida, Illinois, Maryland, Massachusetts and Texas — still have a chance to take advantage of tax-exempt shopping on a variety of things from clothing to school supplies.