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Verizon Wins $12M Tax Battle, Internet Tax Freedom Act Upheld

7/29/2025

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Summary

Story summary

Verizon New York Inc. scored a significant victory as a tribunal ruled it won't owe $12 million in franchise taxes. This decision stems from the 1998 Internet Tax Freedom Act, which protects internet services from state taxation, ensuring that access to the digital world remains free from additional financial burdens.

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Story summary

Verizon New York Inc. scored a significant victory as a tribunal ruled it won't owe $12 million in franchise taxes. This decision stems from the 1998 Internet Tax Freedom Act, which protects internet services from state taxation, ensuring that access to the digital world remains free from additional financial burdens.