specified Federal procurement payment

Defined in 1 place of the United States Code.

For purposes of this section, the term “specified Federal procurement payment” means any payment made pursuant to a contract with the Government of the United States for—

(1) the provision of goods, if such goods are manufactured or produced in any country which is not a party to an international procurement agreement with the United States, or

(2) the provision of services, if such services are provided in any country which is not a party to an international procurement agreement with the United States.

Source

2010–present 26 U.S.C. § 5000CInternal Revenue Code · Imposition of tax on certain foreign procurement · for purposes of this section