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)
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#3
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(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.
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Jackson-Lee (TX)
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#2
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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.
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Sessions (TX)
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#1
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(WITHDRAWN) Provides that goods warehoused in accordance with Article 7 of the Uniform Commercial Code will be exempt from the general rule that having tangible personal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.
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