|
Editor's Note: This information was received via email from the ASAE Public Policy Department. For more about ASAE, visit their site: www.asaecenter.org Yesterday, the Senate voted on both the Johanns and Baucus amendments to repeal the 1099 reporting requirements. Both amendments failed to pass under the 2/3rds rule in the Senate: the Johanns amendment failed 61-35 (see vote breakdown here) and Baucus amendment failed 44-53 (see vote breakdown here). The Johanns amendment paid for the repeal with unused stimulus funds, while the Baucus amendment had no offsets. From what we've heard this will be the last vote on the 1099 issue this year, leaving only one calendar year before the new 1099 reporting goes into effect. ASAE will continue to work for a full repeal of the 1099 provision. When you meet with members of Congress and staff in the upcoming months, remind them of the burden of the expanded reporting requirements and the need for full repeal. ASAE will keep you updated on any developments and plans to make this issue a major priority for American Associations Day 2011. Contact us with any questions at (202) 626-2703 or publicpolicy@asaenet.org. |
|
|
|
|
Comments