A bill to authorize the several States and District of Columbia to collect certain taxes with respect to sales of tangible personal property by nonresident persons who solicit such sales.
Equity in Interstate Competition Act of 1989 - Empowers any State and the District of Columbia to require a person to collect a State sales tax imposed with respect to the sale of tangible personal property if: (1) the destination of sale is in such State; and (2) the person engages in regular or systematic soliciting of sales there and has, within a specified one-year period, gross receipts from the sale of such property that exceed either $500,000 within the State or $12,500,000 nationally.
Lists requirements that will qualify certain local sales taxes for treatment as State sales taxes.
Restricts the authority of a State with respect to accounting and reporting requirements applied to those collecting and paying State sales tax. Applies State law to those collecting the taxes.
Introduced in Senate
Read twice and referred to the Committee on Finance.
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