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Charlotte Real Estate, Development, and Construction News: Mecklenburg Times > News > Construction and Real Estate > Senate repeals
3 percent withholding for contractors
Senate repeals
3 percent withholding for contractors
By
Published: November 15, 2011
Time posted: 8:32 am
Tags: Associated General Contractors of America, Stephen Sandherr
A new tax law that would require 3 percent withholding from all checks paid to contractors for construction projects from the federal government has been repealed.
The statute, set to start in January, was voted down 95-0 in the U.S. Senate last week, solidifying an effort to repeal the law that had begun in the House ...
Published: November 15, 2011
Time posted: 8:32 am
Tags: Associated General Contractors of America, Stephen Sandherr
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