Back in 2005, Congress passed a substantive and long-term financial measure called the Tax Increase Prevention and Reconciliation Act of 2005. That Act provided a myriad of tax-specific regulations, but one specific provision frightens the building industry – the 3% Withholding Rule.[...]
Archive for the ‘Taxation’ Category
March 18th, 2011 - 10:00 am § in Construction News, Federal & State Contracts, Legislation & Law, New Laws, Public Contracting, Taxation
Withholding Tax Relief Act Would Repeal Harsh Government Contract Withholding
January 20th, 2011 - 11:29 am § in Case Law, Construction Liability, Legislation & Law, Managing Risks, Taxation
Supreme Court: Out of State Materials Sellers May Pay Washington Business Taxes
Many of the construction materials used on Washington construction projects are sourced from outside state boundaries. Those sellers might want to take note of a recent Supreme Court ruling that effectively says: “Pay up.”[...]
