WASHINGTON, D.C. - The Senate approved a bill that repeals the unpopular 1099 health-care law provision, the National Journal reports. Earlier last month, the House passed a similar measure.

The Senate passed the bill 87 to 12. The full roll call vote can be seen here.

The provision which was included in the Patient Protection and Affordable Care Act last year, required businesses to fill out 1099 tax forms for invoices more than $600. Members of both parties conceded that the regulation would be time-consuming and extremely burdensome for businesses. However, it took many months of negotiation to come up with the funds to replace the $22 billion price tag of repealing 1099.

"This is a big win for small business and, more importantly, I hope it??s the first of many successful repeal votes related to the disastrous healthcare bill passed by Democrats last year," Senate Minority Leader Mitch McConnell (R-Ky.) said.

In a statement, the White House said it was "pleased Congress has acted to correct a flaw that placed an unnecessary bookkeeping burden on small businesses."

"As we move forward, we look forward to improving the tax credit policy in this legislation to ensure we protect small businesses and middle-class families," the White House said. "And the Administration remains eager to work with anyone with ideas about how we can make health care better or more affordable for all Americans."

The repeal will be paid for by requiring families whose income unexpectedly exceeds certain levels to repay subsidies they received from the federal government.

Now the bill goes to President Obama, who has not indicated he would veto it. Obama had previously made statements that he was not pleased with how the repeal cost was reconciled.

Sen. Robert Menendez (D-NJ) put forth an alternative amendment but that failed to pass. His bill would have nixed a rule that lower-income citizens who misreport their income repay health insurance exchange subsidies if this offset jacks up the price of health care for small companies.

Repealing the 1099 provision of the health care law was a huge priority for NACS and we applaud those in the Senate and House who stood up for businesses of all sizes to eliminate this unnecessary burden.