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FL H1273

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Status

Failed

4/30/2010

Primary Sponsor

David Rivera

Click for details

Origin

House of Representatives

2010 Regular Session

AI Summary

  • Urges Congress to repeal Section 511 of the Tax Increase Prevention and Reconciliation Act of 2005 (TIPRA), which requires governments with annual spending exceeding $100 million to withhold 3 percent federal tax on payments for certain goods and services

  • States that the 3-percent withholding requirement imposes unfunded compliance costs on state and local governments, reducing resources available for critical public services

  • Argues the withholding requirement burdens small businesses that support Florida's economy and dilutes the value of taxpayer dollars

  • Directs that copies be sent to the President, Vice President, Speaker of the House, and all members of the Florida congressional delegation

  • References H.R. 275 and S. 292 of the 111th Congress as proposed repeal legislation

Legislative Description

Tax Increase Prevention & Reconciliation Act

Last Action

Died in Economic Development & Community Affairs Policy Council

4/30/2010

Committee Referrals

Economic Development & Community Affairs Policy Council3/3/2010

Full Bill Text

No bill text available