(October 26, 2007)—The US Senate has approved a seven-year moratorium on taxes on Internet commerce, and Sen. John Cornyn, R-Texas, calls the vote “a victory for taxpayers and consumers.”
The measure won approval Thursday on a voice vote, just more than a week after the US House approved a measure calling for a four-year moratorium.
The tax ban, which was originally approved in 1998, expires on Nov. 1.
Negotiators will have to reach a compromise on the length of the ban and other differences before the measure can be sent to the White House for the president's signature.
“The tax moratorium has helped the Internet expand and has protected entrepreneurs from burdensome taxes. I hope Congress will act quickly to reach an agreement on the extension and continue to protect the Internet from multiple and discriminatory taxes,” Cornyn said.