04/25/2008, 7:10pm, EDT
Friday, April 25th
Tennessee govt mulls digital media taxation
The Tennessee State government is reviewing the possibility of implementing a tax on digital media downloads, which would include music videos, movies, news and entertainment programs, music, ringtones, and electronic books, among others. Law firm Waller Landsen notes that standard software downloads would not be taxable, and while the proposition has not been shown to lawmakers, it is predictably drawing negative criticism.
"Most states do not tax digitally-deliverd products," said state communications director Bill Hobbs. "Tennessee shouldn't either and state government's current fiscal crisis should not be used by the Bredesen administration as an excuse to hit the people of Tennessee with a new tax that could cost them tens or even hundreds of millions of dollars."
The law is being considered in light of a $500 million deficit in the state budget.
[Via iPod Observer]
Filed under: industry, audio
Other story tags: music, movies, ringtones, digital media, taxation
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I have a crazy idea, how about spending less - like most people and businesses do when money is tight.
Doh! I forgot .... your like crack addicts, maybe it's time to go into rehab.
Boy am I glad I live in Ohio where the taxes are only 5th highest in the country!
And how in the hell can CT tax packages? Will they stop trucks at the borders?
So I went and looked it up myself and found out it is the democrat governor's idea, Phil Bredesen, not just some unnamed "state government". Also this story misidentifies "state communications director Bill Hobbs". Wrong!! He is "communications director for the Tennessee Republican Party.
Bad biased reporting exposed.