§ 382. — Assessment of net income taxes.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 15USC382]
TITLE 15--COMMERCE AND TRADE
CHAPTER 10B--STATE TAXATION OF INCOME FROM INTERSTATE COMMERCE
SUBCHAPTER I--NET INCOME TAXES
Sec. 382. Assessment of net income taxes
(a) Limitations
No State, or political subdivision thereof, shall have power to
assess, after September 14, 1959, 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.
(b) Collections
The provisions of subsection (a) of this section shall not be
construed--
(1) to invalidate the collection, on or before September 14,
1959, of any net income tax imposed for a taxable year ending on or
before such date, or
(2) to prohibit the collection, after September 14, 1959, of any
net income tax which was assessed on or before such date for a
taxable year ending on or before such date.
(Pub. L. 86-272, title I, Sec. 102, Sept. 14, 1959, 73 Stat. 556.)
