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FL H1287

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Status

Introduced

3/4/2011

Primary Sponsor

Perry Thurston

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Origin

House of Representatives

2011 Regular Session

AI Summary

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

  • Characterizes Section 511 as an unfunded mandate that increases state operating costs and administrative burden on state agencies

  • Argues the withholding requirement diverts resources from critical state services and reduces the value of taxpayer dollars

  • Contends the mandate negatively impacts small businesses in Florida's economy

  • Directs copies of the memorial be sent to the President, Congressional leadership, and Florida's delegation to Congress

Legislative Description

Tax Increase Prevention & Reconciliation Act

Last Action

Indefinitely postponed and withdrawn from consideration

5/7/2011

Committee Referrals

Federal Affairs Subcommittee3/14/2011

Full Bill Text

No bill text available