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Originally Posted by idknow
Hey Jerry!
A couple of things jump at me:
- definition of word `State' as used in the act?
- since national sovereigns are already exempt from state and federal taxation, who is the intended audience of this act?
- definition of "coupons" in final sentence?
- definition of ``un-earned coupons'' as comppound word?
I hope my italics are visible, if not lemme know, i'll adjust.
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"State" is a jurisdiction. Any jurisdiction that has taxing authority is a STATE.
The meaning of "State" in this statute refers to one of the 50 States. Then they go on to really spell it out for us by listing all taxing jurisdictions:
"United States, by any Territory, dependency, or possession thereof, or by any State, county, municipality, or local taxing authority."