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.
The provisions of subsection (a) 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.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
Was this helpful?
Welcome to FindLaw's Cases & Codes
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.