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- S.1726
S.1726: Business Activity Tax Simplification Act of 2007
About This Bill
- This bill was introduced in the 110th Congress
- This bill is primarily about taxation
- Introduced June 28, 2007
- Latest Major Action June 28, 2007
Bill Sponsor
Bill Cosponsor
Bill 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...
(Source: Library of Congress)
Bill Actions
| Date | Description |
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Sponsor introductory remarks on measure.
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Read twice and referred to the Committee on Finance.
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| June 28, 2007 |
Introduced in the Senate by Charles E. Schumer (D-N.Y.) |