Broadcast Newsline: December 15, 2010
Senior Government Relations Representative for the National Cotton Council, Robbie Minnich, says the Senate voted on two forms of legislation that would repeal a new requirement that businesses file IRS Form 1099 whenever they pay more than $600 to an individual vendor.
This week’s cotton newsline is 3 cuts. All cuts are Robbie Minnich, senior government relations representative for the National Cotton Council.
Suggested Introduction 1:
Senior Government Relations Representative for the National Cotton Council, Robbie Minnich, says the Senate voted on two forms of legislation that would repeal a new requirement that businesses file IRS Form 1099 whenever they pay more than $600 to an individual vendor.
Suggested Introduction 2:
According to Minnich both Senators Baucus and Johanns submitted a repeal of the 1099 amendment.
Suggested Introduction 3:
Minnich says the 1099 amendment would require nearly 40 million businesses to start filing the 1099 forms in 2012.
