 The Tax Rate Extension Act of 1959  provided for the termination of the tax on local telephone service on July 1, 1960.However, a series of one-year extensions was subsequently enacted each year until 1965, when the Excise Tax Reduction Act became law.In 1965, Congress enacted comprehensive legislation which repealed many existing federal excise taxes and authorized the reduction and, in some instances, the gradual reduction and ultimate repeal of other excises over a period of years.