Alert: Section 511 of the Tax Reconciliation Act
The U.S. Chamber, in union with 40 other business groups, is calling for the repeal of a new requirement mandating that federal, state, and local governments withhold 3 percent from payments for goods and services. This unprecedented withholding mandate will affect all government contracts as well as other payments, such as Medicare and grants, starting in 2011. Section 511 of the Tax Increase Prevention and Reconciliation Act of 2005 (P.L. 109-222) enacted this requirement into law.
>> Read the one-pager (PDF)
>> Read the coalition letter (PDF)

Topics

Alternative Minimum Tax
Antitrust
Bankruptcy Reform
Capital Gains Tax
Cash Method of Accounting
Estate and Gift Tax (Death Tax)
Federal Tax System Replacement/Reform
Federal Unemployment Tax Act
International Tax Law Simplification
National Credit Standards
Research and Experimentation Tax Credit
Revenue Scoring of Tax Proposals
S Corporation Reform
Small Business Access to Capital
Work Opportunity Tax Credit