Correction on 3% Withholding Information

The federal law that will go into effect on January 1, 2012 regarding withholding 3% of payments to vendors will apply to all federal, state, and local governments with annual expenditures of $100 million or more.  

In my blog posting of April 25, 2010, I erroneously reported that it affected those governments with expenditures of $3 million or more.  I have corrected that posting to reflect the $100 million threshold.  Sorry for the confusion.