In a rapid change of events in the saga that is the Corporate Transparency Act, the 5th Circuit Court of Appeals has reinstated the nationwide injunction. In other words, businesses are NOT required to file a report to FinCEN until the Court hears the merits of the case. The 5th Circuit Court of Appeals will hold […]
CTA Injunction Second Update Read More »
In a surprise hearing this week, the 5th Circuit Court of Appeals lifted the lower court’s injunction against the Corporate Transparency Act. Once again, businesses are required to file their beneficial ownership report. The agency responsible for accepting beneficial ownership reports, the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN), released guidance following the 5th Circuit Court’s decision. In
CTA Filing Requirements Reinstated With New Deadline Read More »
Yesterday, a federal court struck down the Corporate Transparency Act (CTA) and issued a nationwide injunction against enforcement of the law including its reporting requirements. For dealers that have not reported or are in the onerous process of gathering information for reporting, you no longer have to comply with the January 1, 2025 reporting deadline.
The Corporate Transparency Act and Reporting Requirements Struck Down Read More »
Agriculture and Agri-Food Canada (AAFC) in collaboration with Innovation, Science and Economic Development Canada (ISED) and Environment and Climate Change Canada (ECCC) launched public consultations on right to repair in June 2024. The purpose of the public engagement is to gather feedback from Canadians to inform the development of a federal right-to-repair framework. For those
NAEDA Canada Participates in Right to Repair Agricultural Stakeholder Session Read More »
The Inflation Reduction Act (IRA) of 2022 included a wide range of tax deductions and credits. Among them is the Commercial Clean Vehicle Credit found in 26 U.S. Code § 45W that creates a substantial tax credit for businesses purchasing qualified electric vehicles. The maximum tax credit under 45W is determined by gross vehicle weight,
Yesterday, two federal bills passed third reading in the Senate and will soon be signed into law. Bill C-244 and C-294 both amend Canada’s Copyright Act to allow circumvention of technology protection measures for repair and interoperability, respectively. Bill C-244 is a broad-based Right to Repair bill opposed by multiple industry groups. The legislation applies
Right to Repair & Interoperability Bills Pass Parliament Read More »
The Corporate Transparency Act (CTA) came into effect January 1, 2024. The CTA requires certain companies doing business in the U.S. to disclose information about their beneficial owners to the Financial Crimes Enforcement Network (FinCEN). The CTA was ostensibly enacted to combat money laundering, terrorism financing, and other financial crimes. The CTA requires a filing
Corporate Transparency Act Reporting Deadline Approaching Read More »
Last week, the Senate Committee on Banking, Commerce, and the Economy held hearings and voted on Bills C-244 and C-294. Both bills were voted out of committee by unanimous voice vote and are now headed to the full Senate for third reading. As a reminder, Bill C-244 is the Right to Repair bill that would
Senate Committee Holds Hearing and Votes on Right to Repair and Interoperability Bills Read More »
At the end of September, NAEDA received notice from Representative Giovanni Capriglioni (R-District 98) that he was considering introducing Right to Repair legislation in the 2025 Texas legislative session. We were contacted as part of a stakeholder information gathering process to inform potential legislation. This week, NAEDA submitted comments to Representative Capriglioni. You can
NAEDA Submits Comments on Potential Right to Repair Legislation Read More »
NAEDA hosted its fifth dealer demonstration in Canada to discuss current farm equipment technological capabilities as it relates to Right to Repair, the industry commitment to address repair issues and increase uptime, and to participate in an equipment demonstration to better understand how manufacturers, dealers and producers are working together to create solutions. The
NAEDA Dealer Demonstration on Right to Repair Read More »
