Both the House and the Senate have approved separate provisions to repeal the health care law’s burdensome 1099 reporting mandate. Beginning in 2012, every transaction with an outside vendor totaling more than $600 will have to be detailed on an IRS Form 1099.
On Feb. 17, the Senate approved, as part of the FAA Air Transportation & Safety Improvement Act (S. 223), a provision to scrap the onerous requirement. Subsequently, the House passed a separate measure (H.R. 4) to repeal the 1099 mandate. Despite bipartisan endorsement by both chambers, efforts to rescind the obligation are not over as the House and Senate have yet to agree on a unified approach to offset the expected revenue from the 1099 requirement.
December 16, 2024 | Categories:
ARSA News & Updates
The office of ARSA’s management firm will be closed from Dec. 24, 2024 to Jan. 2, 2025. Periodicals will not be distributed on these dates, but the association continues collecting…
Read More
December 17, 2024 | Categories:
Act Now,
ARSA News & Updates,
ARSA Works,
Aviation Policy,
Drug and Alcohol,
EASA,
FAA,
Legislative,
Operations,
Press Releases,
Regulatory,
Rulemaking
On Dec. 18, the U.S. Federal Register published the FAA’s long-awaited final rule expanding drug and alcohol testing requirements to repair station personnel outside the United States.
The new rule…
Read More
Congress’ May 2024 reauthorization of the FAA, requires the Department of Transportation’s Office of Inspector General (OIG) to audit the FAA’s Flight Standards and Aircraft Certification Services (see P.L. 118-63,…
Read More
December 05, 2024 | Categories:
Featured Post
March 18-21, 2025
Event Information | Registration | Hotel
Arlington, Virginia and Washington, D.C. with Livestream Options for Online Participants
Experience the international aerospace maintenance community’s premier event. Join ARSA members…
Read More
On Nov. 19, ARSA submitted a pair of draft advisory circulars for FAA consideration to replace its proposed update to AC 43-9, Maintenance Records.
The documents divide overlapping responsibilities previously…
Read More
