Internet Tax Freedom Act Extended

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Dec 19, 2014, 10:45 ET

DALLAS, Dec. 19, 2014 /PRNewswire/ -- As part of the $1.1 trillion omnibus spending bill signed into law by President Obama on Tuesday, December 16, 2014, the Internet Tax Freedom Act (ITFA) was extended for another year. Due to expire earlier this month (December 11, 2014, and before that, November 1, 2014), ITFA bars state and local governments from imposing state and local taxes on Internet access and multiple or discriminatory taxes on electronic commerce. Although there had been a push to combine a version of the Marketplace Fairness Act (MFA) with the ITFA, MFA legislation was ultimately not included in the omnibus spending bill signed by the President.

Ryan is an award-winning global tax services firm, with the largest indirect and property tax practices in North America and the sixth largest corporate tax practice in the United States.

The moratorium under ITFA began on October 1, 1998, but does not apply to state taxes on Internet access imposed prior to this date, as long as a state did not repeal its tax on Internet access more than 24 months before the enactment of P.L. 110-108. The driving legislative forces behind the measure, Senator Ron Wyden (D-Oregon) and Senator John Thune (R-South Dakota), say they intend to push for a permanent enactment of ITFA in 2015.

About Ryan
Ryan is an award-winning global tax services firm, with the largest indirect and property tax practices in North America and the sixth largest corporate tax practice in the United States. Headquartered 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 1,900 professionals and associates serves over 9,000 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 www.ryan.com.

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TECHNICAL INFORMATION CONTACT:

Jeremiah T. Lynch
Principal
Ryan
212.847.0113
[email protected]

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