The Senate has passed legislation meant to remove a controversial 1099 provision in the health care law. To become law, the measure needs President Obama’s signature.
Under the health care law, the expanded 1099 provision requires companies to report on any purchases of goods or services of over $600 annually.
During a March 30 Senate Agriculture Committee hearing, Nebraska Sen. Mike Johanns was especially critical of what the 1099 provision would do to farmers.
“Give us a real-life view of how that will impact your operation – if you have to issue 1099s for all goods and services purchased over $600 during any calendar year,” Johanns asked panel member Stan Townsend, a Kansas farmer.
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