It’s back!! The nationwide injunction pausing enforcement of the Corporate Transparency Act (CTA) was lifted on February 17, 2025, reinstating the beneficial owner information (BOI) reporting requirements for applicable communities. For more information regarding the CTA, check this blog.
The deadline to file the report is now March 21, 2025. If your HOA has not already submitted its BOI based on prior deadlines, it should do so by March 21, 2025.
Even with the injunction being lifted, current federal legislative initiatives are still under consideration:
• H.R. 736 – Protect Small Businesses from Excessive Paperwork Act of 2025
• S. 505 – Bill to amend deadline for filing BOI reports
• H.R. 425 and S. 100 – A joint effort by the House and the Senate to Repeal the CTA in its entirety
CAI’s CTA lawsuit is still ongoing as well.
If you have any specific questions regarding the CTA and your common interest community, please contact your community’s legal counsel.
