The Senate voted Tuesday to repeal the expanded 1099 information reporting requirements in last year’s health care reform and small business laws, sending the repeal to President Obama’s desk.
The repeal legislation, offered by Sen. Mike Johanns, R-Neb., was known as the Comprehensive 1099 Taxpayer Protection and Replacement of Exchange Subsidy Overpayments Act of 2011. Unlike the repeal vote earlier this year, the Senate and House bills contained similar language and offsets.
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