Digital Procuts/iPOD Tax

Tennessee Republicans are raising the alarm about a new tax proposal they say the Bredesen administration is formulating, reports WDEF News 12.

"They say the Department of Revenue is considering a Digital Procuts/iPOD Tax.

An analysis by a Nashville law firm claims that it would make digital purchases of movies, music, news and entertainment programs, ringtones, and electronic books subject to the retail sales tax."

Digital Products/iPOD Tax. The Bill contains sweeping legislation that would subject downloaded sales of digital media, including music videos, motion pictures, news and entertainment programs, music, ringtones, electronic books, etc. to the retail sales tax. Under current law digitally delivered goods are not taxable unless delivered in a tangible form.

emily | 6:31 PM | News, Buzz |
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