Federal Vendor Offset Agreements Sample Contracts
HB 1679 -- FEDERAL VENDOR OFFSET AGREEMENTSFederal Vendor Offset Agreements • February 10th, 2014
This bill allows the Director of the Department of Revenue and the Commissioner of the Office of Administration to enter into a reciprocal collection and offset of indebtedness agreement with the federal government to offset vendor, contractor, and taxpayer payments for any type of debt owed to the state. Currently, the department has a reciprocal agreement with the United States Treasury to offset income tax overpayments. The department director and the commissioner are also authorized to enter into a reciprocal agreement with any other state to offset from state tax refunds and from payments due to vendors and contractors providing goods or services to state departments or agencies nontax debt due if the other state extends a similar authority to this state.