To reauthorize the Secure Rural Schools and Community Self-Determination Act of 2000 and to offset the cost of payments to States and counties under such Act, and for other purposes.

[AI summary unavailable — showing source text] Amends the Secure Rural Schools and Community Self-determination Act of 2000 to extend the Act through FY2007. Amends the Tax Increase Prevention and Reconciliation Act of 2005 to temporarily accelerate the effective date (makes withholding effective for 2007) for the imposition of certain withholding on payments made by federal, state, and local governments for property or services. Excludes during such period payments to: (1) businesses that employed fewer than 50 employees during the preceding taxable year; and (2) state and local governments.…