For those folks in the franchise world checking the news at night, you might see that the Senate is currently plodding its way through a small business reauthorization bill.
The SBIR Reauthorization would help small businesses gain better access to federal contracting opportunities and new technology contract awards through agencies like the Department of Defense.
While the SBIR Reauthorization would not benefit all franchise businesses, it certainly assists those entrepreneurs seeking to compete on a level-playing field with large corporations.
One item IFA is tracking and supporting a bipartisan amendment offered by Sen. Mike Johanns (R-NE) and Sen. Joe Manchin (D-WV) to include the House-passed 1099 repeal legislation.
If their amendment receives a vote on the Senate floor, it is unlikely that the SBIR Reauthorization package would be the vehicle to get 1099 repeal to President Obama’s desk… but I would never say never.
The more likely path for 1099 repeal is for an agreement to be reached among Senators on the House-passed bill, H.R. 4, that gets it to the White House.
The long and winding road for the elimination of the expanded 1099 reporting requirements continues… stay tuned.
Posted by Jason Straczewski, IFA Senior Director, Government Relations & Public Policy