Skip to content
Subscriber Only

U.S. House May Cancel Tax-Reporting Rules in Health-Care Law

The U.S. House of Representatives will vote as soon as next month on a measure to eliminate a tax-reporting requirement from last year’s health-care law that is opposed by many small businesses.

Members of both parties have criticized the rules, which require that businesses report to the government payments to corporations for goods or property exceeding $600 per payee each year. Companies have been complaining about the requirement, which they say would create an onerous paperwork burden, particularly for small businesses.