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Text of To amend the Internal Revenue Code of 1986 to repeal the imposition of 3 percent withholding on certain payments made ...

...certain payments made to vendors by government entities, to modify the calculation of modified adjusted gross income for purposes of determin

This bill was enacted after being signed by the President on November 21, 2011. The text of the bill below is as of Nov 1, 2011 (Placed on Calendar in the Senate).

This is not the latest text of this bill.

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Source: GPO

II

Calendar No. 212

112th CONGRESS

1st Session

H. R. 674

IN THE SENATE OF THE UNITED STATES

October 31, 2011

Received; read the first time

November 1, 2011

Read the second time and placed on the calendar

AN ACT

To amend the Internal Revenue Code of 1986 to repeal the imposition of 3 percent withholding on certain payments made to vendors by government entities, to modify the calculation of modified adjusted gross income for purposes of determining eligibility for certain healthcare-related programs, and for other purposes.

1.

Table of Contents

The table of contents for this Act is as follows:

Sec. 1. Table of Contents.

Title I—Three Percent Withholding Repeal and Job Creation Act

Sec. 101. Short title.

Sec. 102. Repeal of imposition of 3 percent withholding on certain payments made to vendors by government entities.

Title II—Modification of calculation of modified adjusted gross income for determining certain healthcare program eligibility

Sec. 201. Modification of calculation of modified adjusted gross income for determining certain healthcare program eligibility.

I

Three Percent Withholding Repeal and Job Creation Act

101.

Short title

This title may be cited as the 3% Withholding Repeal and Job Creation Act.

102.

Repeal of imposition of 3 percent withholding on certain payments made to vendors by government entities

(a)

In general

Section 3402 of the Internal Revenue Code of 1986 is amended by striking subsection (t).

(b)

Effective date

The amendment made by this section shall apply to payments made after December 31, 2011.

II

Modification of calculation of modified adjusted gross income for determining certain healthcare program eligibility

201.

Modification of calculation of modified adjusted gross income for determining certain healthcare program eligibility

(a)

In general

Subparagraph (B) of section 36B(d)(2) of the Internal Revenue Code of 1986 is amended by striking and at the end of clause (i), by striking the period at the end of clause (ii) and inserting , and, and by adding at the end the following new clause:

(iii)

any amount of social security benefits of the taxpayer excluded from gross income under section 86.

.

(b)

Effective date

The amendments made by this section shall take effect on the date of the enactment of this Act.

Passed the House of Representatives October 27, 2011.

Karen L. Haas,

Clerk

November 1, 2011

Read the second time and placed on the calendar