Yesterday, the Senate voted on both the Johanns and Baucus amendments to repeal the 1099 reporting requirements (link to previous legislative alert). Both amendments failed to pass under the 2/3rds rule in the Senate: the Johanns amendment failed 61-35 (link to vote breakdown) and Baucus amendment failed 44-53 (link to vote breakdown). The Johanns amendment paid for the repeal with unused stimulus funds; the Baucus amendment had no offsets. We believe this will be the last vote on the 1099 reporting issue this year; if a repeal is not successful in the next session the new 1099 reporting will go into effect on January 1, 2012.
TechMaine will continue to push for a repeal of the 1099 provision. Thanks to both Senators Collins and Snowe who voted to repeal the 1099 reporting requirements.