Tuesday, February 08, 2011

Repeal 1099 Requirement/ Reporter Inquiry

Yesterday Congressman Joe Courtney announced he would be introducing a bill to repeal the 1099 requirement in the Patient Protection and affordable Care Act [health bill].

This mirrors the bill passed in the Senate [Stabenow]. This will be paid for by a rescission of unspent discretionary funds determined by the Office of Management and Budget.

On Wednesday HR 4 [Congressman Lungren] will be coming before the House Small Business Committee. There is no offset in this bill.

See below link to write to your House member supporting these two bills.

http://www.congress.org/congressorg/directory/congdir.tt (Senate/House)

Yesterday I received a request from the LA Times to find small business owners who are facing an upcoming [or currently due] balloon payment on their commercial buildings. Sharon is looking for people who would benefit by the provision in the Small Business Jobs bill that allows 504 refinancing.

Unfortunately the regulations to allow this have not been put in place creating problems for many small business owners. Sharon is on deadline so please respond as soon as possible. (Sharon.Bernstein@latimes.com)

We are now up to 1200 responses on our survey. Thank you to those that have completed the survey and if you have not please go to www.smallbusinesscalifornia.org. It will take about 8 minutes.

Scott Hauge
Small Business California
2311 Taraval Street
San Francisco, CA 94116

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