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National Restaurant Association - NRA applauds House vote to repeal paperwork mandate

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NRA applauds House vote to repeal paperwork mandate

The National Restaurant Association and its members have held meetings, testified, e-mailed and written letters asking Congress to repeal a controversial new paperwork mandate for businesses. Congress may finally be ready to act.

Today, the U.S. House voted to repeal new Form 1099 information-reporting rules for businesses. Both chambers of Congress have now passed 1099-repeal measures by strong bipartisan majorities.

Lawmakers from both parties have criticized the rules, which starting in 2012 would require businesses to file 1099 forms with the IRS any time they do more than $600 in cash/check business in a year with a vendor, contractor or business partner. The NRA has been a strong voice in favor of repeal. A NRA member from Colorado was among the first business owners to testify on this issue in the 112th Congress.

The sticking point remains how to pay for repeal. The enhanced 1099 mandate was part of last year's health care reform law and is expected to raise about $20 billion to help pay for health care reform. Senators and House members now will need to jointly decide how and whether to pay for repeal. The NRA will keep up the call for Congress to repeal the mandate as soon as possible.

 

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