Legislative Update
August 17, 2010
Chamber weighs in on onerous 1099 requirement
in health care reform law
On August 17, Chamber President Mark Kleinschmidt urged all three members of Delaware’s Congressional delegation to take action to strike a particularly onerous provision of the Patient Protection and Affordable Care Act, which President Obama signed into law this past March. The provision in question requires businesses to gather tax information on and issue 1099 forms to any business with which it did $600 or more in business in a given year.
This requirement will create a mountain additional paperwork, which will prove particularly burdensome to small businesses. The $600 threshold is low enough that it will require many small businesses to gather a large amount of tax information and issue a flurry of 1099’s to vendors who supply items such as copy paper, pens, furniture among other things.
Small businesses employ more than half of the private sector workforce in our country and are the engine for growth. They are already burdened with duplicative and onerous record keeping and compliance requirements at all levels of government.
Take Action:
Contact your Senators Kaufman and Carper and Congressman Castle to urge them to seek the repeal of the 1099 provision:
The Honorable Michael N. Castle
United States Representative
201 N. Walnut Street, Suite 107
Wilmington, DE 19801-3970
phone: (302) 428-1902
e-mail: http://www.castle.house.gov/Contact/
The Honorable Edward E. Kaufman
United States Senator
1105 N. Market St.
Suite 2000
Wilmington, DE 19801-1233
phone: (302) 573-6345
e-mail: http://kaufman.senate.gov/services/contact/
The Honorable Thomas R. Carper
United States Senator
301 N. Walnut Street
Suite 102 L-1
Wilmington, DE 19801
phone: (302) 573-6291
e-mail: http://www.carper.senate.gov/contact/