S 1726
110th Congress
Senate
Taxation
Commerce
Government Operations and Politics
Income tax
Interstate commerce
Local taxation
Service industries
State taxation
Business Activity Tax Simplification Act of 2007
Introduced: June 28, 2007
Introduced by:
Schumer, Charles E.
Democratic
· New York
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 28, 2007
Read twice and referred to the Committee on Finance.
Jun 28, 2007
Sponsor introductory remarks on measure. (CR S8694-8695)
Jun 28, 2007
Introduced in Senate
Plain-English summary
Business Activity Tax Simplification Act of 2007 - Expands the federal prohibition against state taxation of interstate commerce to: (1) include taxation of out-of-state transactions involving all forms of property, including intangible personal property and services (currently, only sales of tangible personal property are protected); and (2) prohibit state taxation of an out-of-state entity unless such entity has a physical presence in the taxing state. Sets forth criteria for determining that a person has a physical presence in a state.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1
Cosponsors
1