NLBMDA News - Baucus Health Care Plan Includes Onerous 1099 Reporting Provision

As anticipated, the Baucus health care plan also includes a corporate reporting requirement as one of the revenue raising provisions to pay for healh care reform. The plan, as we've reported previously, would require all businesses to issue 1099s to all corporations from whom they purchase goods or services. As introduced in the Senate bill, there would be a $600 threshold for each vendor, posing a further administrative burden as companies would have to track spending for each vendor to determine when the threshold was reached.

NLBMDA is working with its small business alllies on this issue and will be vigorously opposing this measure. Source.