NJECPAC & NJ-IEC Partnering to Protect You And Your Business

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New Jersey, United States
NJECPAC is a Continuing Political Committee (CPC). A CPC is any group of two or more persons acting jointly, or any corporation, partnership, or any other incorporated or unincorporated association, civic association or other organization, which in any calendar year contributes to aid or promote the candidacy of an individual, or the candidacies of individuals, for elective public office, or the passage or defeat of a public question or public questions, lobby for the passage or defeat of certain legislative bills introduced in the NJ Legislature in accordance with N.J.S.A. 19:44A-8(b). A CPC is frequently referred to as Political Action Committee (PAC). The NJECPAC was formed to provide funding for legislative initiatives of its members and its member organizations representing the interests of Electrical Contractors, Small Businesses and Taxpayers throughout the State of New Jersey.

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Wednesday, April 20, 2011

1099 REPEAL SIGNED INTO LAW

On April 14, 2011, President Obama signed H.R. 4, the Small Business Paperwork Mandate Elimination Act of 2011, into law. This legislation repeals the expanded IRS 1099 reporting requirements enacted as part of the healthcare reform law HR 3590. This is a major victory for small businesses around the country that would have been severely impacted by the new requirements.

The House of Representatives passed H.R. 4 on March 3, 314-112. After considering an alternative repeal bill, the Senate passed the House approved bill on April 5, 87-12. To see how your Senators voted click here or Representative click here.   Read More at IECI.org

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