PURPOSE AND PRINCIPLE Clause Samples
PURPOSE AND PRINCIPLE. Section 101: TITLE
PURPOSE AND PRINCIPLE. 101 Title . . . . . . . . . p. 7
PURPOSE AND PRINCIPLE. 5 This multistate Agreement shall be referred to, cited, and known as the Streamlined Sales and 6 Use Tax Agreement.
PURPOSE AND PRINCIPLE. A. It is the purpose and principle of this Agreement to grant full reciprocity to passenger cars and non-commercial vehicles and interstate reciprocity to commercial vehicles.
B. This Agreement shall also provide for the recognition of license plates displayed on vehicles that are properly licensed under the laws of the issuing jurisdiction.
PURPOSE AND PRINCIPLE. 5 This multistate Agreement shall be referred to, cited, and known as the Streamlined Sales and 6 Use Tax Agreement. 8 Section 102: FUNDAMENTAL PURPOSE 9 It is the purpose of this Agreement to simplify and modernize sales and use tax administration in 10 the member states in order to substantially reduce the burden of tax compliance. The Agreement 11 focuses on improving sales and use tax administration systems for all sellers and for all types of 12 commerce through all of the following:
13 A. State level administration of sales and use tax collections.
14 B. Uniformity in the state and local tax bases.
15 C. Uniformity of major tax base definitions.
16 D. Central, electronic registration system for all member states.
17 E. Simplification of state and local tax rates.
18 F. Uniform sourcing rules for all taxable transactions.
19 G. Simplified administration of exemptions.
20 H. Simplified tax returns.
21 I. Simplification of tax remittances.
22 J. Protection of consumer privacy. 24 Section 103: TAXING AUTHORITY PRESERVED 25 This Agreement shall not be construed as intending to influence a member state to impose a tax 26 on or provide an exemption from tax for any item or service. However, if a member state 27 chooses to tax an item or exempt an item from tax, that state shall adhere to the provisions 28 concerning definitions as set out in Article III of this Agreement. 1 Section 104: DEFINED TERMS 2 This Agreement defines terms for use within the Agreement and for application in the sales and 3 use tax laws of the member states. The definition of a term is not intended to influence the 4 interpretation or application of that term with respect to other tax types. 6 An alphabetical list of all the terms defined in the Agreement and their location in the Agreement 7 is found in Appendix B of this Agreement, the Index of Definitions. Terms defined for use 8 within this Agreement are set out in Article II of the Agreement. Many of the uniform definitions 9 for application in the sales and use tax laws of the member states are set out in Appendix C of 10 this Agreement, the Library of Definitions. Definitions that are not set out in Appendix C are 11 defined when applied in a particular section of the Agreement and are set out in that section of 12 the Agreement. The appendices have the same effect as the Articles in the Agreement. 14 Section 105: TREATMENT OF VENDING MACHINES 15 The provisions of the Agreement do not apply to vending machines sales. The Agree...