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S 1762 IS
112th CONGRESS
1st Session
S. 1762
To repeal the imposition of withholding on certain payments made to vendors by government entities and to amend the Internal Revenue Code of 1986 to modify the calculation of modified adjusted gross income for purposes of determining eligibility for certain healthcare-related programs.
IN THE SENATE OF THE UNITED STATES
October 31, 2011
Mr. BROWN of Massachusetts (for himself and Ms. SNOWE) introduced the following bill; which was read twice and referred to the Committee on Finance
A BILL
To repeal the imposition of withholding on certain payments made to vendors by government entities and to amend the Internal Revenue Code of 1986 to modify the calculation of modified adjusted gross income for purposes of determining eligibility for certain healthcare-related programs.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
SEC. 2. REPEAL OF IMPOSITION OF WITHHOLDING ON CERTAIN PAYMENTS MADE TO VENDORS BY GOVERNMENT ENTITIES.
The amendment made by section 511 of the Tax Increase Prevention and Reconciliation Act of 2005 is repealed and the Internal Revenue Code of 1986 shall be applied as if such amendment had never been enacted.
SEC. 3. 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:
(b) Effective Date- The amendments made by this section shall take effect on the date of the enactment of this Act.
U.S. Congress - Text of S.1762 as Introduced in Senate Withholding Tax Relief Act of 2011
