For over 50 years, Bloomberg Tax’s renowned flagship daily news service, Daily Tax Report® has helped leading practitioners and policymakers stay on the cutting edge of taxation and...
President Obama approves legislation that repeals a 2005 law requiring governments to withhold 3 percent of payments over $10,000 to contractors and provides tax credits for businesses hiring unemployed veterans. The legislation (H.R. 674) repeals part of the Tax Increase Prevention and Reconciliation Act of 2005 (Pub. L. No. 109-222), as if it were never enacted. It applies to all payments made after Dec. 31, 2011. This date negates the effective date delay to the withholding provision made in the 2009 stimulus law (Pub. L. No. 111-5).
Notify me when updates are available (No standing order will be created).
Put me on standing order
Notify me when new releases are available (no standing order will be created)