Bill Summary & Status for the 106th Congress

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H.R.4462
Sponsor: Rep Bachus, Spencer (introduced 5/16/2000)
Latest Major Action: 6/29/2000 House committee/subcommittee actions
Title: To provide for the simplification of sales and use taxes on interstate commerce and to ensure that such taxes are equitably applied.
Jump to: Titles, Status, Committees, Related Bill Details, Amendments, Cosponsors, Summary
TITLE(S):  (italics indicate a title for a portion of a bill)
STATUS: (color indicates Senate actions)
5/16/2000:
Referred to the Committee on the Judiciary, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
5/16/2000:
Referred to House Judiciary
5/16/2000:
Referred to the Subcommittee on Commercial and Administrative Law.
6/29/2000:
Subcommittee Hearings Held.
5/16/2000:
Referred to House Rules
COMMITTEE(S):
RELATED BILL DETAILS:

***NONE***

AMENDMENT(S):

***NONE***

COSPONSORS(3), ALPHABETICAL [followed by Cosponsors withdrawn]:     (Sort: by date)

Rep Delahunt, William D. - 5/16/2000 Rep Istook, Ernest J., Jr. - 5/16/2000
Rep McCarthy, Karen - 5/16/2000

SUMMARY AS OF:
5/16/2000--Introduced.

Fair and Equitable Interstate Tax Compact Simplification Act of 2000 - Amends the Internet Tax Freedom Act to extend the moratorium on Internet taxes through October 21, 2006.

Expresses the sense of the Congress concerning a streamlined sales and use tax system.

Authorizes States to enter into an Interstate Sales and Use Tax Compact which shall provide for a uniform, streamlined sales and use tax system.

Authorizes any State levying a sales tax to administer a single uniform statewide use tax rate relating to all remote sales on which it assesses a use tax, subject to a specified limit.

Permits any member State that has adopted and participates in the streamlined system prescribed by the Compact to require all sellers not qualifying for the de minimis exception specified in such system to collect and remit use taxes on remote sales in such State, subject to limitations.