The Air Conditioning Contractors of America is applauding a bill repealing some business reporting requirements now on its way to President Barack Obama.
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.
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.”
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