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.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s