The Internal Revenue Service yesterday announced it will hold a public hearing on proposed regulations implementing a 2005 law that requires federal, state, and local governmental entities with more than $100 million in annual procurement to withhold 3% of all payments made to contractors for tax purposes.

The hearing, which state and local groups had requested, will be held on April 16, and the IRS is accepting applications until March 25 from those who want to testify.

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