ACCA supports bill headed to president
As part of the health care reform passed by Congress in 2009, small businesses were required to start filing a 1099 tax form under certain circumstances. The requirement was widely panned, with many business groups calling it especially onerous to small companies.
The ACCA said it discovered the problem before the health care law was signed but was unable to get the provision removed. Members sent thousands of e-mails to lawmakers urging repeal.
The Senate passed the bill Wednesday. It has already been approved by the U.S. House.
“ACCA is pleased that Congress worked together to pass a bill to repeal this measure that would have created a tremendous burden to our members,” said Paul T. Stalknecht, the ACCA’s president and CEO. “We hope that President Obama will also recognize the negative impact this provision will have on small businesses and sign the bill into law quickly.”