Tax Gap Should the 3% Withholding Requirement on Payments to Contractors by Government Be Repealed?

Format:

Book

Government document

Author/Creator:

Library of Congress. Government Division

Language:

English

Subjects (All):

Administrative agencies.

Public contracts.

State governments.

Physical Description:

1 online resource

Contained In:

ProQuest U.S. Congressional Research Digital Collection

Place of Publication:

[United States] [publisher not identified] 2011

Summary:

Discusses issues surrounding IRS issued regulations that further delayed implementation of withholding provision in P.L. 109-222, the Tax Increase Prevention and Reconciliation Act of 2005, which requires 3% IRS withholding on payments for goods and services to contractors made by all branches of the Federal Government, and all but the smallest units of State and local government. Discusses arguments for and against the withholding provision, proposed repeal legislation in the 110th and 111th Congresses, two delays in implementation, and proposed repeal legislation in the 112th Congress

Notes:

CRS Report

Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Jan. 2013). Reuse except for individual research requires license from ProQuest, LLC

Vendor supplied data

Other Format:

Microfiche version Library of Congress. Government Division. Tax Gap

Publisher Number:

CRS-2011-GVF-0469

Access Restriction:

Restricted for use by site license