NSPE signed on to a Government Withholding Relief Coalition letter to the Senate supporting the Withholding Tax Relief Act of 2011 (S. 1726), which would repeal the 3% withholding tax enacted in Section 511 of the Tax Increase Prevention and Reconciliation Act of 2005 (PL 109-222). The Senate may vote on the bill at the end of October. The House is expected to vote on its bill repealing the 3% withholding mandate (H.R. 674) next week.
NSPE Continues to Urge Withholding Tax Repeal
Thursday, October 20, 2011