A bill to authorize a compact between the several States relating to taxation of multistate taxpayers and to regulate and foster commerce among the States by providing a system for the taxation of interstate commerce.

[AI summary unavailable — showing source text] Interstate Compacts - Title I: Consent to Enter into Compact and Conferral of Powers Upon Compact Commission States that Congress consents to any two or more States entering into the Multistate Tax Compact. Expands the powers of the Multistate Tax Commission, subject to specified conditions. Title II: Jurisdiction to Tax - Provides that no State or political subdivision shall 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: (1) has a business location in the State; or (2) regularly makes deliveries in the State other than by common carrier or United States mail; or (3) regularly engages in the State in solicitation of orders by direct mail or avertising by means of newspapers, radio, or television. Title III: Maximum Income Attributable to Taxing Jurisdiction - Provides that a State or a political subdivision may not impose for any taxable year on a corporation taxable in more than one State, other than an excluded corporation, a net income tax measured by an amount of net income in excess of an amount calculated by a specified formula. Describes the factors to be calculated in such formula,…