Interstate Sales and Use Taxation Act of 1986

Interstate Sales and Use Taxation Act of 1986 - Allows States to require certain out-of-state persons to collect and remit to the State any State or local taxes with respect to the interstate sale of: (1) any tangible personal property which is to be delivered within the State; or (2) any services to be performed in the State. Requires that such taxes must be: (1) collected and administered throughout the State; (2) uniform as to rate and base throughout the State; and (3) published for any calendar year by September 30 of the preceding year.

Allows States to impose such requirement on any person who: (1) engages in regular or systematic solicitation of a consumer market within such State; and (2) has either more than $100,000 annual gross sales or $25,000 annual taxable sales with respect to the State. Sets forth administrative requirements for the collection and remittance of such sales.

Sets forth procedures for the expedited judicial review of the constitutionality of this Act.