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The Tax Rate Extension Act of 1959 [17] provided for the termination of the tax on local telephone service on July 1, 1960. However, a series of one-year extensions [18] was subsequently enacted [19] each year until 1965, when the Excise Tax Reduction Act [20] became law. In 1965, Congress enacted comprehensive legislation which repealed many ...
A basic issue in determining whether Internet access and Internet usage of various kinds is subject to sales tax, use tax, telecommunications tax, a combination of these taxes, or no taxes at all, is whether Internet access and usage is determined to be a "good" or a "service." If access to the Internet or usage is deemed a service, in general ...
The 1998 Internet Tax Freedom Act is a United States law authored by Representative Christopher Cox and Senator Ron Wyden that established national policy regarding federal and state taxation of the internet, based upon its unique characteristics as a mode of interstate and global commerce uniquely susceptible to multiple and discriminatory ...
Excise taxes for the Affordable Care Act (ACA) raised $16.3 billion in fiscal year 2015. $11.3 billion was an excise tax placed directly on health insurers based on their market share. The ACA was going to impose a 40% " Cadillac tax " on expensive Employer-sponsored health insurance , but that was postponed until 2018, and later further ...
Oregon does collect some business and excise taxes [172] that may be passed along to (or must be collected from) consumers in some form or another. These include a 1% state lodging tax, [173] various tobacco taxes, [174] telecommunications taxes, [175] and ″privilege tax″ (excise tax) on beer, wine, spirits and new vehicles.
(The Center Square) – A bill filed at the Illinois Statehouse seeks to end property taxes for qualified taxpayers who live in and pay taxes on a residential home for at least 30 years. State Sen ...
First, Congress passed a corporate excise tax. The amount of the excise was set at 1% of each corporation's income exceeding $5,000. In 1911, the U.S. Supreme Court upheld this corporate excise as constitutional in Flint v. Stone Tracy Company, in which the court ruled that the tax was an excise upon the privilege of doing business in corporate ...
Working on the holiday weekend, the Illinois Senate approved of a $53.1 billion budget late Sunday night. Here's what you need to know. Grocery tax eliminated under $53.1 billion budget approved ...