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Bill to Repeal Expanded 1099 Provision Introduced in House

A bill (H.R. 60) to repeal the expanded IRS 1099 reporting requirements contained in the healthcare law has been introduced in the House by Rep....
January 11, 2011

A bill (H.R. 60) to repeal the expanded IRS 1099 reporting requirements contained in the healthcare law has been introduced in the House by Rep. Steve Scalise (R-La.).

PIA supports repeal of section 9006 of the healthcare law which, effective in 2012, would require businesses of all sizes, as well as governments and nonprofits, to file a 1099 form with the Internal Revenue Service reporting any purchases they make of goods or services of $600 or more in a tax year from any individual or business, including corporations.

Several unsuccessful attempts were made during the closing days of the 111th Congress to repeal the 1099 provision; however, there was overwhelming support for repeal.

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