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August 4, 2016 02:00 am

Pennsylvania To Apply 6% 'Netflix Tax'

An anonymous reader writes: Governor Tom Wolf of Pennsylvania has signed into law a new revenue package that will require residents to pay a 6% sales tax on their streaming subscriptions. AllFlicks reports: "Though the term 'Netflix tax' has become popular, laws like this don't just affect Netflix -- they also affect competitors like Hulu and HBO Now. App purchases and ebooks are also affected. They recently decided on a hefty $31.5 billion budget, and they came up $1.3 billion short of paying for it. The government is trying to close that funding gap, and streaming subscribers are being stuck with the bill." Magazine and newspaper subscriptions, as well as digital versions of the Bible, will be exempt from the digital downloads tax, reports CBS Local News in Pittsburgh.

Read more of this story at Slashdot.


Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/8KUTwZ3Mk9I/pennsylvania-to-apply-6-netflix-tax

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