The House Ways and Means Committee on Feb. 17 approved a bill to repeal the 2010 health-care law’s requirement that companies file a 1099 tax form for each vendor that provides more than $600 in goods or services. Some industry groups opposed the provision, contending it is too burdensome for small companies. House Majority Leader Eric Cantor (R-Va.) said GOP leaders hope to bring the bill to the floor in the spring. The Senate passed a similar measure on Feb. 2.
Health Care: House Panel Votes To Quash Reporting Mandate
February 23, 2011