The U.S. Senate has passed H.R. 4, the "Small
Business Paperwork Mandate Elimination Act of
2011," which repeals the 1099
reporting mandate in the new health care
law by a vote of 87-12.
The reporting mandate requires small businesses to file a 1099 form with the Internal Revenue Service for every vendor that businesses pay more than $600 in a year, and would have created a heavy burden for small businesses through unnecessary paperwork that takes time, energy and resources, instead of helping to create jobs.
For more information on the repeal of the 1099 mandate, visit ASA’s legislative website at www.TakingTheHill.com.
The Automotive Service Association is the largest not-for-profit trade association of its kind dedicated to and governed by independent automotive service and repair professionals. ASA serves an international membership base that includes numerous affiliate, state and chapter groups from both the mechanical and collision repair segments of the automotive service industry. ASA’s headquarters is in Bedford, Texas.ASA advances professionalism and excellence in the automotive repair industry through education, representation and member services.
For additional information about ASA, including past news releases, go to www.ASAshop.org, or visit ASA’s legislative website at www.TakingTheHill.com.
