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CTA Filing Requirements Reinstated With New Deadline

U.S. Legislative Alert /

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 […]

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The Corporate Transparency Act and Reporting Requirements Struck Down

U.S. Legislative Alert /

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.

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NAEDA Canada Participates in Right to Repair Agricultural Stakeholder Session

Canada Legislative Alert /

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

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Congressional Letter Submitted to Treasury on Behalf of Off-Road Equipment Sector to Clarify Tax Credit Applicability

U.S. Legislative Alert /

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,

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Right to Repair & Interoperability Bills Pass Parliament

Canada Legislative Alert /

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

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Corporate Transparency Act Reporting Deadline Approaching

U.S. Legislative Alert /

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

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Senate Committee Holds Hearing and Votes on Right to Repair and Interoperability Bills

Canada Legislative Alert /

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

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NAEDA Submits Comments on Potential Right to Repair Legislation

U.S. Legislative Alert /

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

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PA Right to Repair Bill HB2535 Committee Hearing October 1, 2024

U.S. Legislative Alert /

House Bill 2535, a Right to Repair bill introduced on August 15th, has been scheduled for a committee hearing tomorrow, October 1st, 2024.   As NAEDA previously stated, we assess that this bill is unlikely to threaten dealers’ businesses. In its current form, it contains exemption language that will not place any new mandates on equipment

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Pennsylvania Right to Repair Bill Introduced

U.S. Legislative Alert /

A Right to Repair bill has been introduced in the Pennsylvania House of Representatives. Representative Kyle Mullins, a Democrat representing District 112, is the primary sponsor and was joined by 28 co-sponsors (26 Democrats and 2 Republicans).   House Bill 2535 was introduced on August 15th and referred to the House Commerce Committee the same day. As of

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