Obama Signs Legislation to Remove Reform Law Tax-Reporting Provision

On Thursday, President Obama signed legislation (HR 4) repealing the 1099 tax-reporting provision of the federal health reform law, marking the first elimination of part of the law since its passage in March 2010, Modern Healthcare reports (Zigmond, Modern Healthcare, 4/14). The tax-reporting requirement — which was scheduled to take effect in 2012 — would have required businesses, not-for-profit groups and government offices to file 1099 forms with the Internal Revenue Service when they purchase $600 or more in goods or services from another business in a given year.


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