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Monday, November 29, 2010

SBA: Senate voting today on 1099 reporting requirement repeal

Senate voting today on 1099 reporting requirement repeal



November 29, 2010


Dear Small Business Owner,



SBA Administrator Karen G. Mills

Last week I wrote to you expressing the Obama Administration’s support for the repeal of the expanded 1099 reporting requirement that was included in the Affordable Care Act. As you know, earlier in the year we asked you for feedback on this requirement and what we heard was that will involve too much paperwork and will be overly burdensome.



As the Senate votes today on whether or not to roll back this requirement, I want to again express the Administration’s support for repealing the expanded 1099 reporting requirement.





Thank you again for your feedback on this important matter and I look forward to continuing to work with you to ensure you have the tools and resources you need to grow your business and create jobs.



Sincerely,

Karen Mills
U.S. SBA Administrator

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