Senate Approves 3% Government Contractor Withholding Repeal, Sends Bill Back to House

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On Thursday, the Senate approved a bill that would repeal the required 3% income tax withholding on vendor payments by federal, state, and local governments. The Senate version of the bill also contains a new tax credit for employers who hire certain unemployed veterans. The bill now goes back to the House, which approved a different version in October

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