New bill introduced to ensure digital goods aren’t taxed at a higher rate

Representatives Lamar Smith (R-TX) and Steve Cohen (D-TN) yesterday introduced the Digital Goods and Services Tax Fairness Act of 2011, which would ensure that digital goods are not taxed at a higher rate than their tangible counterparts—an mp3, for instance, could not be taxed at a higher rate than a music CD.

You can read the press release announcing the bill here and the bill itself here.

Although the bill deals with sales tax on digital goods and mentions “fairness” frequently, this bill is not related to the Main Street Fairness Act, which would allow states to require online retailers to collect existing sales tax.

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