State Representative Brad Halbrook (R-Shelbyville) last week alerted business owners throughout the district to a new development in the Federal Corporate Transparency Act (CTA) of which they need to be aware and could impact their business.

Representative Halbrook says that these exemptions are in place for several reasons. 

But, Rep. Halbrook said, there’s a new twist. A federal judge in Texas recently issued a preliminary injunction against parts of the CTA. Some groups argue that the reporting requirements are overly burdensome or infringe on privacy. This legal challenge will delay implementation and hopefully lead to changes in how the law is enforced, so it’s a critical area to watch in the coming months.

Find out more information on this policy by visiting rephalbrook.com.