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- S.2721
S.2721: Business Activity Tax Simplification Act of 2006
About This Bill
- This bill was introduced in the 109th Congress
- This bill is primarily about taxation
- Introduced May 4, 2006
- Latest Major Action May 4, 2006
Bill Sponsor
Bill Cosponsors
6 (2 Democrats, 5 Republicans)
Bill Summary
Business Activity Tax Simplification Act of 2006 - 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...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Read twice and referred to the Committee on Finance.
|
|
| May 4, 2006 |
Introduced in the Senate by Charles E. Schumer (D-N.Y.) |