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S. 1726

BillFederalSenateFloor Consideration
Withholding Tax Relief Act of 2011
About This Bill
Introduced
Latest Action · October 20, 2011
Cloture on the motion to proceed to the bill not invoked in Senate by Yea-Nay Vote. 57 - 43. Record Vote Number: 178. (consideration: CR S6840-6841; text: CR S6840)
Congress
112th (2011–2013)
Introduced
October 17, 2011
Cosponsors (20)
0D 20R
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Summary

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Withholding Tax Relief Act of 2011 - Repeals the provision in the Tax Increase Prevention and Reconciliation Act of 2005 requiring federal, state, and local governmental entities to withhold 3% of payments due to vendors providing goods and services to such entities. Rescinds permanently $30 billion of appropriated but unobligated discretionary funds.  Exempts unobligated funds of the Department of Defense (DOD) or the Department of Veterans Affairs (VA).  Requires the Director of the Office of Management and Budget (OMB) to determine and identify from which appropriation accounts such rescissions shall apply and report to the Secretary of the Treasury and Congress on such rescissions.

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