Recently, Congress passed and the President signed the “Permanent” Internet Tax Freedom Act (“ITFA”), which bans state and local governments from imposing transaction taxes on Internet access (and also, as explained in the linked Educational Advisory, certain services that are incidental to or in conjunction with Internet access). The ITFA has been around since the dawn of the Internet. And the questions, mass confusion and uncertainty about exactly what services are and are not exempted from taxation under the ITFA have been around for just about as long!
Our Firm prepared the linked Educational Advisory to help resolve some of the uncertainties and provide businesses with helpful guidance to maximize the opportunities under the ITFA, while simultaneously mitigating risks associated with taking over-aggressive positions.
We hope you find the following information both useful and informative.
Should you have any questions regarding the ITFA, please do not hesitate to contact Jonathan S. Marashlian at 703-714-1313, firstname.lastname@example.org or Allison D. Rule at 703-714-1312, email@example.com.