Jul 24, 2006
Summary of Amendments Submitted to the Rules Committee on H.R. 1956 - Business Activity Tax Simplification Act of 2006
Summary of Amendment Submitted to the Rules Committee on
H.R. 1956 - BUSINESS ACTIVITY TAX SIMPLIFICATION ACT OF 2006
(in alphabetical order)
SUMMARY OF AMENDMENTS
(summaries derived from information provided by sponsors)
Conyers (MI)/Dicks (WA)/Delahunt (MA) |
#3 |
(REVISED) Ensures that the legislation does not take effect in a State until the Governor of that State certifies the Act will not reduce the State’s revenues affecting the State’s educational, health care, or homeland security needs. |
Jackson-Lee (TX) |
#2 |
Provides that the Act does not become effective until 60 days after the Federal minimum wage is increased to at least $7.25 per hour. |
Sessions (TX) |
#1 |
(WITHDRAWN) Provides that goods warehoused in accordance with Article 7 of the Uniform Commercial Code will be exempt from the general rule that having tangible personal property in a state for more than 21 days confers tax nexus. |