26 U.S.C. § 5000C — Imposition of tax on certain foreign procurement
submitted 15 years ago by Pub. L. 111-347 to r/title-26-INTERNAL-REVENUE-CODE · 197 words · no verdicts yet
A translation hasn’t been published for this section yet. The official text below is complete and authoritative.
There is hereby imposed on any foreign person that receives a specified Federal procurement payment a tax equal to 2 percent of the amount of such specified Federal procurement payment.
For purposes of this section, the term “specified Federal procurement payment” means any payment made pursuant to a contract with the Government of the United States for—
the provision of goods, if such goods are manufactured or produced in any country which is not a party to an international procurement agreement with the United States, or
the provision of services, if such services are provided in any country which is not a party to an international procurement agreement with the United States.
For purposes of this section, the term “foreign person” means any person other than a United States person*.
The amount deducted and withheld under chapter 3 shall be increased by the amount of tax imposed by this section on such payment.
For purposes of subtitle F, any tax imposed by this section shall be treated as a tax imposed by subtitle A.
Source credit: (Added Pub. L. 111–347, title III, § 301(a)(1), Jan. 2, 2011, 124 Stat. 3666.)
- 2011Enacted · Pub. L. 111-347 · 124 Stat. 3666
A history note hasn’t been published yet. The record shows enactment by Pub. L. 111-347 on 2011-01-02.
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