|Code Section||Effective Date||Name of Act||Name of Provision||10yr Revenue Estimate ($millions)|
|6331(h)(3)||11/21/2011||Three Percent Withholding Repeal and Job Creation Act of 2011||One Hundred-Percent Levy for Payments to Federal Vendors Relating to Property||135|
One Hundred-Percent Levy for Payments to Federal Vendors Relating to Property
Explanation of Provision
The provision clarifies that Treasury can levy up to 100 percent of any payment due to a Federal vendor for the sale or lease of property, in addition to the sale or lease of goods or services.