The Secretary of the Department of Finance and Administration shall not enter into the agreement unless it requires each state to abide by the following requirements:
The agreement must set restrictions to achieve more uniform state rates through the following:
The agreement must establish uniform standards for the following:
The agreement must require states to develop and adopt uniform definitions of sales and use tax terms. The definitions must enable a state to preserve its ability to make policy choices not inconsistent with the uniform definitions.
The agreement must provide a central, electronic registration system that allows a seller to register to collect and remit sales and use taxes for all signatory states.
The agreement must provide that registration with the central registration system and the collection of sales and use taxes in the signatory states will not be used as a factor in determining whether the seller has nexus with a state for any tax.
The agreement must provide for reduction of the burdens of complying with local sales and use taxes through the following:
The agreement must outline any monetary allowances that are to be provided by the states to sellers or certified service providers.
The agreement must require each state to certify compliance with the terms of the agreement prior to joining and to maintain compliance, under the laws of the member state, with all provisions of the agreement while a member.
The agreement must require each state to adopt a uniform policy for certified service providers that protects the privacy of consumers and maintains the confidentiality of tax information.
The agreement must provide for the appointment of an advisory council of private sector representatives and an advisory council of non-member state representatives to consult with in the administration of the agreement.