Senate Passes Internet Tax Moratorium Extension

October 26, 2007 10:12 a.m. EST

Washington, DC (AHN) - The U.S. Senate Thursday voted for a seven-year extension of a moratorium on Internet taxes, following House passage pf a four-year renewal. The current temporary online tax ban expires Nov. 1.

Legislators will have to develop a compromise version before sending a proposal to the White House.

The Senate version was called "a commonsense victory" for both Internet users and states concerned such a ban would reduce tax revenue.