HR 9045
Community Association Reporting Exemption Act
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- Passed House
- Passed Senate
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- Became Law
Bill overview
This bill, the Community Association Reporting Exemption Act, aims to reduce the reporting burden on homeowners associations (HOAs). It proposes an exemption for certain HOAs that are considered tax-exempt under U.S. tax law. Specifically, it modifies a section of the U.S. Code to exclude HOAs subject to taxation under section 528 of the Internal Revenue Code from having to report beneficial ownership information. This change simplifies compliance for these organizations.
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Primary sponsor
Cosponsors
Randy K. Sr. Weber
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