By a unanimous 95-0 vote, the U.S. Senate put an end to the 3% withholding tax on contractors due to go into effect in January 2012. Since the legislation has already passed the U.S. House and is part of President Obama’s much-discussed jobs package, the White House is expected to sign the legislation into law soon.
Coverage from the Washington Post can be found here. A press release from Carolinas AGC marking the occasion can be found here. My earlier coverage of this story can be found here.