By East Arizona News Report |
Jul 17, 2023
U.S. Representative David Schweikert (AZ-01) yesterday authored an op-ed for the Phoenix Business Journal promoting the Small Business Paperwork Savings Act, legislation he introduced last month to increase the Form 1099 reporting requirement threshold to account for cost-of-living adjustments since 1954, when the $600 threshold was first established in the Internal Revenue Code. Rep. Schweikert’s legislation was included in the House Ways and Means Committee’s signature economic package which passed out of Committee in mid-June and awaits a full vote by the House.