H.R. 5267 · 110th Congress
Business Activity Tax Simplification Act of 2008
- Stage
- In committee
- Sponsor
- Rick Boucher
- Introduced
- 2008-02-07
- Latest action
- 2008-02-25 · Referred to the Subcommittee on Commercial and Administrative Law.
Summary
Business Activity Tax Simplification Act of 2008- 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.