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Hey Fools,

You're right. Sloppy research. I could have consulted other sources, had I had more time. The column was written quite last minute due to the ATHM arrangement, but that's not an excuse. Rather than make the 6pm Editorial deadline, it's always better to turn the column in late and doublecheck things.

I purposely kept my statement very brief, saying: "In the bluster of today's decline, some good news for companies and investors in the online world crossed the wires: the U.S. House approved a 5-year Internet tax moratorium (bravo for Amazon, and so many others)", because I didn't have more information at the time.

As I implied, though, I do believe that the moratorium is good news for online retailers. Why? Because it puts the whole sales tax issue well into the background (as the press release rimp linked to states, too).

As it stands now, this 5 year moratorium in essence lets the existing law stand -- the law that U.S. states can not tax online retailers unless they have a physical presence in that state. After yesterday, it is thought that this law will not be addressed again for a long while to come, meaning "bravo for Amazon and so many others."

As always, it's great to have community eyes scrutinizing every sentence for accuracy! That's Foolish.

Thank you and Fool on!

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