Interstate Taxation Act

[AI summary unavailable — showing source text] Interstate Taxation Act - Title I: Jurisdiction to Tax - Provides that no State or political subdivision thereof shall have power to: (1) impose a net income tax or a capital stock tax on a corporation other than an excluded corporation unless the corporation has a business location in the State or other political subdivision during the taxable year; (2) impose a gross receipts tax with respect to a sale of tangible personal property unless the seller has a business location in the State or political subdivision; or (3) require a person to collect and remit a sales or use tax with respect to an interstate sale of tangible personal property unless the person (A) has a business location in the State or political subdivision; or (B) regularly makes household deliveries in the State or political subdivision other than by common carrier or the United States Postal Service; or (C) regularly engages in the State or political subdivision in solicitation of orders for the sale of tangible personal property by means of salesmen, solicitors, or representatives. Provides that no State or political subdivision shall have power to require a seller without a business location in the State to coll…