ABC Suggests Several Changes on the 3% Withholding Tax

August 17, 2011

The 3% Withholding Tax is a proposed tax that will be levied against all payments for goods or services from federal, state, and local governments with total expenditures of $100 million beginning January 1, 2013. 

The Associated Builders and Contractors (ABC), a national industry trade association, has suggested several changes in a letter to the IRS on August 8, 2011 as released in their recent news letter.  To read ABC’s comments to the IRS please visit their newsletter on the ABC website.

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