NJECPAC & NJ-IEC Partnering to Protect You And Your Business

My photo
New Jersey, United States
NJECPAC is a Continuing Political Committee (CPC). A CPC is any group of two or more persons acting jointly, or any corporation, partnership, or any other incorporated or unincorporated association, civic association or other organization, which in any calendar year contributes to aid or promote the candidacy of an individual, or the candidacies of individuals, for elective public office, or the passage or defeat of a public question or public questions, lobby for the passage or defeat of certain legislative bills introduced in the NJ Legislature in accordance with N.J.S.A. 19:44A-8(b). A CPC is frequently referred to as Political Action Committee (PAC). The NJECPAC was formed to provide funding for legislative initiatives of its members and its member organizations representing the interests of Electrical Contractors, Small Businesses and Taxpayers throughout the State of New Jersey.

Young Voices Without A Vote

Recent NJECPAC Headlines

Our National Debt

Thank You Soldier

Monday, April 22, 2013

Contracting and Tax Accountability Act Heads To Senate


113TH CONGRESS 1ST SESSION H. R. 882

"To prohibit the awarding of a contract or grant in excess of the simplified acquisition threshold unless the prospective contractor or grantee certifies in writing to the agency awarding the contract or grant that the contractor or grantee has no seriously delinquent tax debts, and for other purposes".

The U.S. House of Representatives unanimously passed House Resolution 882, Titled the Contracting and Tax Accountability Act of 2013.” The bill would ban the government from awarding contracts and grants unless the bidder certifies in writing that the individual or company does not have “seriously delinquent tax debts.” Rather than focusing on any tax debt of the company, the certification also focuses on the tax debt(s) of the individuals running the company.

The Legislation would ban the award of a contract to a “person with a seriously delinquent tax debt.” A corporation violates this standard if an officer or shareholder with a controlling interest in the company has an outstanding tax debt for which a notice of lien has been filed. A tax debt will not be considered “seriously delinquent” if it is being paid in through a payment agreement with the IRS or if there is a hearing request pending. 

The full text of the Legislation can be found here.