News Headlines Article

House votes to repeal 1099 provision
Modern Healthcare

The House of Representatives has voted to repeal the health reform law’s provision requiring businesses to file a tax form for every vendor with which they have transactions worth $600 or more. On Thursday, House members voted 314-112 to approve legislation that overturns the 1099 provision—named for the type of form required by the Internal Revenue Service—in the Patient Protection and Affordable Care Act. Last month, the Senate repealed this provision in a Federal Aviation Administration reauthorization bill in a vote of 87-8. Sen. Debbie Stabenow (D-Mich.), who sponsored the amendment attached to that bill, said about 40 million small businesses could see have seen their paperwork responsibilities increase by 2,000% if the provision had remained intact.