Both the House and Senate passed legislation that would delay for one year, until Dec 2011, a requirement that federal, state and local governments withhold 3 percent from all payments for goods and services. The delay is intended to allow the Treasury Department to study the impact of the withholding requirement on contractors. The 3 percent withholding mandate was inserted into the conference report of the Tax Increase Prevention and Reconciliation Act of 2005 and has since generated considerable opposition from Industry. Meanwhile, members of both the House and Senate are working to repeal the withholding requirement entirely (H.R. 3056).
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