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Bills to Repeal, Limit New 1099 Requirement Both Fail

Efforts to repeal a section of the healthcare law that requires all businesses, tax-exempt organizations, and federal, state and local government entities to send 1099...
September 21, 2010

Efforts to repeal a section of the healthcare law that requires all businesses, tax-exempt organizations, and federal, state and local government entities to send 1099 forms to any vendor from whom they buy more than $600 in goods during a calendar year have failed.

The Senate voted 46-52 on September 14 to reject an amendment by Sen. Mike Johanns (R-Neb.) that would have repealed the new Form 1099 reporting requirements altogether. On the same day, the Senate also rejected by a 56-42 vote an amendment proposed by Sen. Bill Nelson (D-Fla.) and supported by the Obama administration to limit the 1099 requirement. PIA supported the Johanns amendment providing for outright repeal. Now, Democrats on the House Ways and Means Committee are considering a new push to repeal the provision, and a floor vote could come as soon as this week.

"Without a change by 2012, agencies and other small businesses will face an overwhelming reporting requirement," said Mike Becker, PIA National Director of Federal Affairs, in comments to BestWire. "A full repeal remains a top PIA priority."

Click here to read Senate Spurns Repeal of 'Onerous' Reporting Requirement (BestWire 9/15/2010) 

Click here to read PIA Joins Goups Concerned By Health Tax Provision (National Underwriter 9/10/10)
 
Click here to read Senate to Consider Repeal of Health Act's Reporting Rule (BestWire 9/10)
 
Click here to read PIA Asks Congress to Kill 'Paperwork Burden' (Ins. & Financial Advisor 9/8/10)