Internet to Remain Tax-Free For At Least Four More Years

from TechCrunch by Erick Schonfeld

The tax moratorium on the Internet runs out on November 1, but the Senate just passed an extension. It just has to agree with the House on how long it will be (the Senate wants 7 more years, the House wants four), before sending it the President. You kind of take the tax-free thing for granted when it comes to e-commerce. But it is not going to last forever. E-commerce is all grown up, and no longer needs the coddling that the original legislation provided. Although, it makes you wonder how much slower Internet sales would be growing (compared to being up 23 percent last quarter) if you had to pay sales tax.