DES PLAINES, IL - MARCH 23:  Various tax forms for 2005 are seen at the Des Plaines Public Library March 23, 2006 in Des Plaines, Illinois. As next month's income tax deadline approaches, Americans are preparing for it by using tax software, filing out paper forms or by using a tax preparer.  (Photo by Tim Boyle/Getty Images)

Two 1099 repeal amendments will be attached to a food safety bill that is up for consideration on the Senate floor, and both could be voted upon as early as next week.

The two amendments are sponsored by Senators Mike Johanns (R-NE) and Max Baucus (D-MT).  Johanns was a vocal opponent of the 1099 provision in the health care bill from the beginning, and this is his second bill aimed at overturning the new reporting requirements.  The amendment (S.Amdt 4702) is a complete repeal with the offset coming from rescinding $39 billion in non-Defense Department discretionary spending.

The second amendment (S.Admt. 4713) is sponsored by Finance Committee Chair Max Baucus, whose committee version of the health care bill contained the 1099 expansion originally.  The Senator’s amendment would also completely repeal the new reporting, but does not contain an offset.  His bill also gives the Treasury Department the authority to ease redundant reporting requirements as well as the ability to carry out a repeal.

Bookmark and Share