GOP, US Chamber target new tax-reporting rule in health law

The Hill, July 29, 2010

Sen. Mike Johanns (R-NE) this week continued his push to eliminate a controversial tax-reporting provision of the new healthcare reform law, vowing to offer his repeal bill at every turn. “I will file this amendment on every viable vehicle that comes to the Senate floor,” Johanns said Monday at a healthcare forum hosted by the U.S. Chamber of Commerce. “Sooner or later, we’ll get a vote and we’ll see who stands with our job creators and who does not.” Under the Democrats’ new healthcare reform bill, companies, nonprofits and government offices are required to file 1099 forms with the IRS when goods purchased from another business exceed $600 in a year. Under previous law, the reporting requirement pertained only to services exceeding that amount.

 

 


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