President Bush Signs Extension of Internet Tax Moratorium Into Law

On Wednesday, President Bush signed into law H.R. 1552, a two year extension of the Internet tax moratorium passed by the Senate on November 15. The House approved the measure in October.

In a written statement, President Bush expressed his pleasure in signing the extension, saying, "The Internet is an innovative force that enables such applications as distance learning and precision farming.  Government must do its part to make access to these services affordable.  It should not raise costs through additional taxation.

"Extending the moratorium is particularly important during this crucial holiday shopping season.  Online spending is estimated to account for over 15 percent of total holiday purchases this year.  H.R. 1552 will keep access to e-commerce services affordable.  This law will be a big help to those Americans who shop from home because they are unable to travel to stores and malls," the president concluded.

To read the full test of President Bush’s statement, click here.

Return to Internet Taxation Index