FOR IMMEDIATE RELEASE
March 3, 2011
Washington, D.C. - Small businesses across Western North Carolina received good news today when U.S. Representative Heath Shuler and the House of Representatives voted to repeal onerous and costly reporting provisions contained in last year's health insurance reform law.
H.R. 4, the Small Business Paperwork Mandate Elimination Act of 2011, repeals the requirement placed on small businesses to file 1099 forms with the IRS for the purchase of goods or services from a vendor totaling more than $600 a year.
The bill also repeals the IRS 1099 reporting requirement for individuals and companies who own rental properties.
“This bill is a great example of Democrats and Republicans coming together to find commonsense ways to solve a problem,” Rep. Shuler said. “Repealing this provision provides immediate relief to our small business owners and reduces the amount of paperwork they will have to do. Instead they can focus their energy on growing their companies and creating jobs.”
Shuler was a co-sponsor of H.R. 4, which was originally introduced by Rep. Dan Lungren (R-CA). The bill passed the House with bipartisan support 314 – 112.
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Rep. Shuler Votes to Repeal Onerous Business Reporting Provision of Health Insurance Reform
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