North Dakota Bankers Association - link home

About Us Government Relations and Legal Education Business Partners Communications

NDBA Home















Communications

House Votes To Repeal 3 Percent Withholding Rule

Posted on 10/28/2011

The House yesterday passed a bill (H.R. 674) by a vote of 405-16, which repeals a provision from the 2005 tax bill that will require 3 percent tax withholding on certain government payments to outside vendors beginning in 2013.

The House also passed, by a vote of 262-157, a bill (H.R. 2576) to offset the revenue lost from repealing the withholding requirement, estimated at $11.2 billion over 10 years, by making changes to certain health insurance subsidies.



Members Only
Calendar of Events

NDBanks Benefit Trust

Office Depot

2018 NDBA Group Meetings

2018 NDBA Ag Credit Conference