This bill establishes that New Hampshire businesses are not obligated to collect sales taxes for foreign jurisdictions unless such a requirement is imposed by either federal law or New Hampshire state law. The new legal language inserted into the current law specifies that no New Hampshire business retailer shall be required to collect sales or use taxes for a foreign government or provide information to facilitate the collection of these taxes, unless mandated by Congress or New Hampshire law. This provision is grounded in the New Hampshire Constitution, which emphasizes that the state's inhabitants are only subject to laws they have consented to.

The bill amends RSA 78-D by adding a new section, 78-D:2-a, which reinforces the autonomy of New Hampshire businesses in relation to foreign tax collection. The effective date of the act is set for 60 days after its passage, ensuring that businesses are aware of their rights and obligations regarding sales tax collection in relation to foreign jurisdictions.