How People Voted
 |
 |
35% For, 65% Against
Take Action
  |
Alert Your Friends and Colleagues |
  |
Write Your Representative in Congress |
| Save & Share | |
 |
del.icio.us |
 |
Digg |
 |
|
 |
|
 |
|
 |
Yahoo! |
H.R. 5267, The Business Activity Tax Simplification Act of 2008
- This item is from the 110th Congress (2007-2008) and is no longer current. Comments, voting, and wiki editing have been disabled, and the cost/savings estimate has been frozen.
Comparing original version (created by webmaster) with revision saved on February 8, 2008, 18:33:04 (webmaster):
H.R. 5267 would regulate certain State taxation of interstate commerce.
== Detailed Summary ==
<summary>
(Log in to edit the wiki and be the first to provide a detailed summary of the bill!)
</summary>
<!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. -->
== Status of the Legislation ==
<status>
(Log inLatest Major Action: 2/7/2008: Referred to edit the wiki and be the firstHouse committee. Status: Referred to update the status ofHouse Committee on the bill!)Judiciary.
</status>
<!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. -->
== Points in Favor ==
(Log in to edit the wiki and be the first to show why the bill should pass!)
<!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! -->
== Points Against ==
(Log in to edit the wiki and be the first to show why the bill should not pass!)
<!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! -->
Learn More
RSS Feeds for This Bill
Keep yourself updated on user contributions and debates about this bill! (Learn more about RSS.)
Visitor Comments
Jim Monteros
July 15, 2008, 10:07pm (report abuse)Our company sells products to customers across the country. We only have 11 employees. We currently have to file 356 tax returns witht he associated quarterly reports in 26 states. It's not the taxes but the burden of all the paperwork required by the cities, counties, sales tax boards, state income tax authorities that is killing our business. Congress needs to pass a law forbiding any government from taxing a foreign corporation that has no employees or offices in their location. Just selling product to their residents should not be enough of a reason to require a coporation to file a tax return and pay taxes in that location. Small companies like ours can not handle the paperwork burden of every city, county and state asking for a return.
Bob Baker
July 15, 2008, 10:13pm (report abuse)There are 20,000 cities in the country. If this bill does not pass every business that sells nationally may be required to file 20,000 tax returns per year.
The US economy will be seriously damaged as cities seek more ways to increase revenue as conditions get tougher. If we don't pass this bill our economy will tank.
Marge M
August 19, 2008, 3:08pm (report abuse)Streamlined sales & use tax and common nexus standards for all 50 states will make compliance much easier for both sides while helping taxing authorities collect the revenue they are currently denied by internet sales by companies without nexus.