Wednesday, February 18, 2009

Government Withholding Relief Coalition Update

One Year Delay of Implementation of Three Percent Withholding on Government Contractors.

The proposal would delay for one year the implementation of the provision enacted in 2005 that would require three percent withholding on payments made by government entities after December 31, 2010.

This proposal is estimated to cost $291 million over ten years.

Click here to read more from Chris Braddock of the US Chamber of Commerce

No comments: