Mike
Well-Known Member
More and more states, as well as cities, are cashing in on out-of-state truckers doing business in the area. That patchwork of tax laws is the target of a new bill introduced in the U.S. House of Representatives.
The “Business Activity Tax Simplification Act of 2011,” was introduced by Rep. Robert Goodlatte, R-VA, in the House on April 8. It addresses such taxes as corporate taxes, franchise taxes, income taxes and business activity taxes.
The bill seeks to establish a national standard on these taxes so they can only apply to businesses located in a city or state.
The bill would allow the taxes on businesses that are physically located in the state or local jurisdiction. That means businesses with employees, a building, etc. The bill seeks to prevent taxes on “transient business activity,” for example trucks picking up and delivering freight.
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The “Business Activity Tax Simplification Act of 2011,” was introduced by Rep. Robert Goodlatte, R-VA, in the House on April 8. It addresses such taxes as corporate taxes, franchise taxes, income taxes and business activity taxes.
The bill seeks to establish a national standard on these taxes so they can only apply to businesses located in a city or state.
The bill would allow the taxes on businesses that are physically located in the state or local jurisdiction. That means businesses with employees, a building, etc. The bill seeks to prevent taxes on “transient business activity,” for example trucks picking up and delivering freight.
Full Story
