Senate Fails to Pass Amendments that Would Ease Tax Filing Requirements for Small Businesses

Last week, the Senate defeated two amendments designed to ease the tax filing requirements for small businesses. As reported last week, there were two amendments by Senator Mike Johanns (R-NE) and Senator Max Baucus (D-MT) that would strip a provision from the new health care law known as the “1099 provision”. This provision requires businesses, charities and state and local governments to file 1099 reports for all transactions above $600 per year. Due to Senate procedural requirements involving a food safety bill that was pending at the time, there was a 67 vote requirement in place in order for the amendments to pass. The Johanns’ amendment was defeated 61-35 and the Baucus amendment was defeated 44-53. Given the bipartisan agreement that this provision should be dropped from the health care law, it is expected that there will be another attempt to delete the provision sometime during the remainder of the current lame duck session.



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