Restaurant industry associations praise decision, citing undue burdens on small biz
Association officials praised the U.S. Senate for repealing the unpopular 1099 tax-reporting requirement included in the sweeping health care legislation, the Patient Protection and Affordable Care Act of 2010. In a bipartisan effort, the Senate on Tuesday passed The Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011 — which repeals the 1099 provision by a vote of 87 to 12. The House had repealed it earlier this year by a vote of 314 to ...
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Contact: Desiree Torres Desiree.Torres@penton.com