Common Tax Audit Act

Common Tax Audit Act - Permits any State, under the Internal Revenue Code, to designate the tax authorities of another State, or any commission or association of States, to conduct a tax audit of any business subject to the tax jurisdiction of one or more of the designating States.

Permits such audit to include Federal income tax returns, the books and records of account of any taxpayer or any business to determine whether or not the State has jurisdiction to impose a tax liability.