Good news from Washington rarely means the whole story is over, and this update is no exception. Ever since the Corporate Transparency Act (CTA) was enacted in 2021, community associations have had concerns regarding the CTA and its Beneficial Ownership Information (BOI) reporting requirements. After years of shifting deadlines, litigation, and compliance uncertainty for community […]
Legislative Updates
CTA Update – Federal Legislation Proposed to Exempt Community Associations
Bills are pending before both the House of Representatives and the Senate that, if passed, could impact whether community associations must comply with the Beneficial Owner Information Reporting (BOIR) requirement of the Corporate Transparency Act (CTA). House Bill H.R. 9046 – Community Association Reporting Exemption Act – seeks to amend Title 31 of the United […]
2024 Legislative Updates: Proposed Arizona Bills and Amendments
With Arizona’s 2024 Legislative session in full swing, we review twenty-four bills that include proposed amendments or additions to Arizona’s Planned Communities Statutes and Condominium Act. At Carpenter, Hazlewood, Delgado & Bolen, we strive to provide the community association industry the most recent updates to the Arizona Legislative session and the bills that may affect […]