House Passes Legislation Cosponsored by Amash to Reduce Burden on Small Businesses

House Passes Legislation Cosponsored by Amash to Reduce Burden on Small Businesses

Washington, D.C. – Today, the House voted to pass the Form 1099 reporting requirement repeal, cosponsored by U.S. Representative Justin Amash (MI-03). Since enactment of the Patient Protection and Affordable Care Act of 2010 (PPACA), Amash has championed the effort to end the onerous Internal Revenue Service (IRS) reporting requirements it contains.

H.R. 4, the Small Business Paperwork Mandate Elimination Act of 2011, passed by a vote of 314 to 112.

Under provisions of the PPACA, businesses will be required to file a Form 1099 with the IRS if they purchase goods or services from another business totaling more than $600 per year.

“Red tape and bureaucracy make it more difficult for businesses to thrive and hire new employees. Today’s legislation will lift a massive burden from small businesses and encourage economic growth and productivity,” said Amash.

“The requirement repealed today is just one of the many problems with the unconstitutional federal health care legislation. For the sake of future generations, the Senate should join the House in repealing the entire Act,” he added.

The new IRS reporting requirements are scheduled to take effect in 2012.

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