TIA asks tire industry to voice views on upcoming Senate vote

Jan. 1, 2020
Tire professionals are being urged to by the Tire Industry Association (TIA) to immediately call your U.S. senators and ask that they vote in favor of House Resolution 4 and against the pending Menendez Amendment.
Tire professionals are being urged to by the Tire Industry Association (TIA) to immediately call your U.S. senators and ask that they vote in favor of House Resolution 4 and against the pending Menendez Amendment.

HR 4 would repeal the “burdensome and costly” Form 1099 reporting provision that was passed as part of the Patient Protection and Affordable Care Act. The Menendez Amendment would either delay or eliminate the repeal effort.

If the repeal is unsuccessful, starting next year business owners will be required to file an IRS Form 1099 to report all purchases over $600.

Senate balloting on HR 4 and Menendez is scheduled for April 5.

The TIA has been “working for months to repeal the 1099 reporting provision. This includes meeting with key U.S. representatives and senators and their staffs, attending crucial hearings, and being an important participant in a coalition of diverse business associations, which have united in this repeal effort,” according to Executive Vice President Roy Littlefield.

“While there is wide bipartisan support for the repeal of the onerous 1099 reporting requirement, previous attempts have failed, and the clock is ticking . . . That’s why we need everyone in the tire industry to contact their U.S. senators immediately and ask for passage of H.R. 4 and that they vote against the Menendez Amendment,” he says.

To contact your U.s. senators visit www.senate.gov, or call 202-224-3121.

Sponsored Recommendations

Best Body Shop and the 360-Degree-Concept

Spanesi ‘360-Degree-Concept’ Enables Kansas Body Shop to Complete High-Quality Repairs

Maximizing Throughput & Profit in Your Body Shop with a Side-Load System

Years of technological advancements and the development of efficiency boosting equipment have drastically changed the way body shops operate. In this free guide from GFS, learn...

ADAS Applications: What They Are & What They Do

Learn how ADAS utilizes sensors such as radar, sonar, lidar and cameras to perceive the world around the vehicle, and either provide critical information to the driver or take...

Banking on Bigger Profits with a Heavy-Duty Truck Paint Booth

The addition of a heavy-duty paint booth for oversized trucks & vehicles can open the door to new or expanded service opportunities.