Home | news | Press Releases

Press Releases

House Votes to Repeal Burdensome Obamacare Small Business Mandates

Washington, March 3, 2011 - With the support of Congressman Bill Posey (R-Rockledge), the U.S. House of Representatives passed H.R. 4, the Small Business Paperwork Mandate Elimination Act of 2011, legislation to repeal a provision of the health care law that requires businesses, beginning in 2012, to file an IRS Form 1099 for any payments to corporations that exceed $600 per year per payee.

“This one provision alone would create a paperwork nightmare and an IRS ‘gotcha’ for every small business in America,” said Congressman Posey, a cosponsor of the measure. “Congress needs to remove these kinds of job-killing regulations and replace them with policies that encourage competition, business expansion and job-creation in the private sector.”

The Small Business Paperwork Mandate Elimination Act of 2011 will also repeal a further expansion of the IRS Form 1099 reporting requirements, beginning in 2011, as it relates to real estate rental income. According to the Small Business Jobs Act of 2010 (P.L.111-240), absent passage of H.R. 4, any person who receives rental income would be required to file a Form 1099 for any rental property expense payments.

Print version of this document

Congressional Estuary Caucus

Dedicated to estuary restoration and conservation.

Visit Site

Congressional Motorsports Caucus

Revving up the American Economy.

Visit Site

Take My Latest Survey

Let me know how I can better serve you!

Take Survey

Read the Constitution

Read Now

Sign up for Email Updates

U.S National Debt