Interstate Sales Tax Collection Act of 1987 - 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.
Introduced in House
Introduced in House
Referred to House Committee on The Judiciary.
Referred to House Committee on Ways and Means.
Referred to Subcommittee on Monopolies and Commercial Law.
Referred to Subcommittee on Select Revenue Measures.
Subcommittee Hearings Held.
Subcommittee Consideration and Mark-up Session Held.
Forwarded by Subcommittee to Full Committee (Amended).
Subcommittee Hearings Held.
Subcommittee Hearings Held.
Subcommittee Hearings Held.
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