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.
