Interstate Sales Tax Collection Act of 1986

Summary

Interstate Sales Tax Collection Act of 1986 - Allows any State or political subdivision to require retailers engaged in business in that State to collect a State and local sales or use tax on the sale or use of tangible personal property shipped or delivered into that State or political subdivision. Amends the Internal Revenue Code to require interstate retailers to file information returns with the Internal Revenue Service for the purpose of assisting States in the collection of such sales or use taxes. Authorizes disclosure of such information to State tax officials. Imposes penalties for failure to file such information returns.

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Documents

1 official file

• Introduced in House

  summary · EN · 11 March 1986

  Open at official source

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