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B-193343 1 (1978-12-29)

handle is hein.gao/gaobacuoh0001 and id is 1 raw text is: GAO United States General Accounting Office Office of Washington, DC 20548 General Counsel In Reply Mr. Strat D. Valakis FAR Project Review Coordinator Office of Federal Procurement DEC 25 1378 Policy Office of Management and Budget Executive Office of the President Dear Mr. Valakis: By letter dated October 23, 1978, you transmitted for our comment the third Federal Acquisition-Regulation draft segment. This segment consists of Part 29 - Taxes. 29.000 Scope of part - states that this part explains Federal, State and local taxation of certai-n supplies and services, the applicability of such taxes to the Federal Government, and prescribes policy and procedures for use of tax clauses. 29.1 General - advises contracting officers to coordiftate with and consult legal counsel on tax matters and to discourage contractors from negotiating independently with taxing authorities under certain circumstances. 29.2 Federal Excise Taxes - discusses the imposition of Federal excise taxes on certain supplies and services and the fact that the Federal Government is often exempt from such taxes. It describes the procedures and cir- cumstances under which the Government takes advantage of the available exemptions. 29.3 State and Local taxes - discusses the application of State and local taxes to the Federal Government and to its contractors and subcontractors. It covers the procedure for claiming exemption from the taxes, as well as the special circumstances involving the North Carolina Sales and Use Tax Act. 29.4 Contract Clauses - prescribes the circumstances for use of certain tax clauses. 003025

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