Latta Votes to Repeal 3 Percent Withholding Rule
On Thursday, Congressman Latta voted in support of H.R. 674, a bill to repeal the 3 percent contractors’ withholding tax rule, which is set to go into effect in January 2013. Unless the bill is passed by the Senate and signed by the President, all federal and state contracts for goods and services will be subject to a 3 percent withholding tax on every payment over $10,000 to a…