Show Jurisdictional Standards Needed The new federal program of revenue sharing brings to and local taxes the forefront a much older state problem on O state out businesses This subject has been before the Congress since the Exhaustive studies have been made and nd the House by wide margins has twice passed bills se setting minimum standards for taxing businesses and granting some sonn relief from the maze of complicated state and local tax requirements Unfortunately the Senate has not acted There are 46 separate corporate Income tax laws and the state level not to 46 sales sales' and use tax laws in effect at mention the numerous numerous other laws of general applicability stock laws The such as gross receipts tax laws and capital paperwork paper and an bookkeeping involved are staggering makIng mak Ing it more difficult for the small businessman to survive Resistance to federal interstate tax legislation has stemmed from fears of the states over possible revenue loss These fears should be minimized with the financial benefit that general revenue sharing is bringing to the states and localities |