Contracting and Tax Accountability Act of 2015

Bill 114 hr 1562, also known as the Contracting and Tax Accountability Act of 2015, was introduced in the US Congress with the aim of increasing transparency and accountability in government contracting and tax compliance. The bill sought to address issues related to the awarding of federal contracts to companies with a history of tax delinquency.

The key provisions of the bill included requiring federal agencies to conduct a review of the tax compliance status of potential contractors before awarding them a contract. This review would involve checking if the contractor had any outstanding tax liabilities or had been convicted of tax-related offenses. Additionally, the bill aimed to establish a database of contractors who were delinquent in paying their taxes, which would be accessible to federal agencies during the contracting process.

Furthermore, the bill included measures to strengthen the enforcement of tax compliance among federal contractors. It proposed penalties for contractors who were found to be in violation of tax laws, including the possibility of debarment from future government contracts. The bill also required contractors to certify their tax compliance status when submitting bids for federal contracts. Overall, the Contracting and Tax Accountability Act of 2015 was designed to promote integrity and accountability in government contracting by ensuring that taxpayer dollars were not being awarded to companies with a history of tax delinquency. The bill aimed to protect the interests of taxpayers and promote fair competition among contractors vying for federal contracts.