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TREAS/IRS | RIN: 1545-BK06 | Publication ID: Spring 2015 |
Title: Federal Procurement Payment Tax | |
Abstract:
A two percent tax is imposed on any foreign person that receives a payment made pursuant to a contract with the Government of the United States for the provision of goods and services that are manufactured, produced, or provided in any country that is not a party to an international procurement agreement with the United States. |
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Agency: Department of the Treasury(TREAS) | Priority: Substantive, Nonsignificant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: No | Unfunded Mandates: Undetermined |
CFR Citation: 26 CFR 1.5000C-1 | |
Legal Authority: 26 U.S.C. 5000C 26 U.S.C. 7805 |
Legal Deadline:
None |
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Timetable:
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Additional Information: REG-103281-11 Drafting attorney: Brad McCormack (202) 317-6942 Reviewing attorney: Jason Smyczek (202) 317-6937 Treasury attorney: Doug Poms (202) 622-1754 CC:INTL | |
Regulatory Flexibility Analysis Required: No | Government Levels Affected: Federal, State |
Small Entities Affected: No | Federalism: No |
Included in the Regulatory Plan: No | |
International Impacts: This regulatory action will be likely to have international trade and investment effects, or otherwise be of international interest. | |
RIN Data Printed in the FR: No | |
Agency Contact: Brad McCormack Senior Technical Reviewer Department of the Treasury Internal Revenue Service 1111 Constitution Avenue NW, Washington, DC 20224 Phone:202 317-6911 Email: brad.mccormack@irscounsel.treas.gov |