In case you haven’t heard, imbedded in Obama’s Health Care Bill was a provision that would require businesses, charities and government entities to file a separate 1099 tax form for every business from which they purchased more than $600 in goods or services. The $600 threshold includes many routine transactions, such as phone bills and shipping costs, which would force small businesses to spend more staff time on paperwork, increasing overhead costs. In a positive move for business, Kaye Hagan cosponsored the Senate version of the bill that abolished this provision. Yesterday, the Senate passed the 1099 repeal 87 to 12, and it is now headed to the President's desk. Please let Senators Hagan and Burr know that you appreciate this vote and their efforts on behalf of the small businesses of this county.
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