Interstate Taxation Act

[AI summary unavailable — showing source text] Interstate Taxation Act - Title I: Sales and Use Taxes - Establishes uniform standards under which a State or a political subdivision of a State may exercise the power to impose a sales tax or to require a person to collect a sales or use tax with respect to an interstate sale of tangible personal property with a destination in the State or political subdivision. Authorizes a State to require an out-of-State seller to collect and remit a uniform combined State and local sales and use tax with respect to an interstate sale of tangible personal property. States that such a tax shall not be required of a business whose annual receipts from within the State levying such tax are less than $20,000. Precludes the imposition of separate State and local taxes when a combined tax is provided for by State law. Establishes criteria with respect to the authority of a State to require the collection and remittance of a uniform combined State and local sales and use tax by an out-of-State business. Limits the sales on which an out-of-State seller may be required to collect a sales or use tax of a political subdivision or a geographic area of a State to those interstate sales in which the seller h…