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ITA Supports Recast Tax Proposalnal Telecard Association here is endorsing a modified version of the proposed tax law affecting prepaid phone cards.The proposal would clarify the application of the Federal Excise Tax on communications as part of the Budget Reconciliation Act.Section 1045 of the House bill, with identical language in the Senate version, would clarify the liability of phone-card issuers

ITA Supports Recast Tax Proposal

nal Telecard Association here is endorsing a modified version of the proposed tax law affecting prepaid phone cards.

The proposal would clarify the application of the Federal Excise Tax on communications as part of the Budget Reconciliation Act.

Section 1045 of the House bill, with identical language in the Senate version, would clarify the liability of phone-card issuers to collect the 3% Federal Excise Tax on communications from

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