Internet tax bill targets all digital downloads

By a two to one margin, the Senate passed the Internet Tax bill on Monday. The legislation known as S.743 imposes a new tax regime aimed on companies producing downloadable software, music or Web services. ‘If I’m making an app and I’m distributing it for $3, then I’ve got to collect 18 to 25 cents in sales tax,’ says Steve DelBianco, of NetChoice. ‘The cost of collecting that exceeds the revenue you’re actually sending to the state…

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