H.R. 2584 · 114th Congress
Business Activity Tax Simplification Act of 2015
- Stage
- Reported from committee
- Sponsor
- Steve Chabot
- Introduced
- 2015-06-01
- Latest action
- 2015-06-17 · Committee Consideration and Mark-up Session Held.
Summary
Business Activity Tax Simplification Act of 2015
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: (1) determining that a person has a physical presence in a state, and (2) the computation of the tax liability of affiliated businesses operating in a state.