Three Percent Withholding Repeal and Job Creation Act
On November 21, 2011, President Obama signed into law the "Three Percent Withholding Repeal and Job Creation Act (H.R. 674)." This act repeals the 3% government withholding requirement on certain payments to government contractors and other providing property or services. It also provides tax incentives to encourage employers to hire military veterans.
View the Entire Tax Act Passed By Congress and Signed Into Law