Common Tax Audit Act

[AI summary unavailable — showing source text] Common Tax Audit Act - Provides that all income tax returns filed with respect to taxes imposed by the Internal Revenue Code of 1954 shall be open to inspection by any common tax auditing agent appointed by two or more States pursuant to the provisions of this Act. States that such inspection shall be made in such manner and at such times and places as shall be prescribed by regulations made by the Secretary or his delegate. Provides that any information secured by the common tax auditing agent may be used only for tax purposes. (Adds 26 U.S.C. 6103 (b) (3))…