Title 15 — Commerce and Trade
Chapter 10B — State Taxation of Income from Interstate Commerce
§ 382. Assessment of net income taxes
Statutory text
Limitations
No State, or political subdivision thereof, shall have power to assess, after , any net income tax which was imposed by such State or political subdivision, as the case may be, for any taxable year ending on or before such date, on the income derived within such State by any person from interstate commerce, if the imposition of such tax for a taxable year ending after such date is prohibited by section 381 of this title.
Collections
The provisions of subsection (a) shall not be construed—
to invalidate the collection, on or before , of any net income tax imposed for a taxable year ending on or before such date, or
to prohibit the collection, after , of any net income tax which was assessed on or before such date for a taxable year ending on or before such date.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Pub. L. 86–272 title I § 102 · 73 Stat. 552
Enacted · 15 U.S.C. § 382
(Pub. L. 86–272, title I, § 102, Sept. 14, 1959, 73 Stat. 556.)
Source evidence
Code source credit
(Pub. L. 86–272, title I, § 102, Sept. 14, 1959, 73 Stat. 556.)Enacted provision · exact public law section
Sec. 102. (a) No State, or political subdivision thereof, shall have power to assess, after the date of the enactment of this Act, any net income tax which was imposed by such State or political subdivision, as the case may be, for any taxable year ending on or before such date, on the income derived within such State by any person from inter-state commerce, if the imposition of such tax for a taxable year ending after such date is prohibited by section 101. (b) The provisions of subsection (a) shall not be construed— (1) to invalidate the collection, on or before the date of the enactment of this Act, of any net income tax imposed for a taxable year ending on or before such date, or (2) to prohibit the collection, after the date of the enactment of this Act, of any net income tax which was assessed on or before such date for a taxable year ending on or before such date.
1 of 1 references resolved to an enrolled provision