1099 tax requirement repealed

1099 tax requirement repealed

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 The House had repealed it earlier this year by a vote of 314

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