BOI Reporting Deadline Extension Bill Passes House, Before Senate
On February 10, 2025, the House of Representatives passed H.R. 736, Protect Small Businesses From Excessive Paperwork Act of 2025, 408–0. The bill extends the deadline for filing Beneficial Ownership Information (“BOI”) reports to January 1, 2026, for reporting companies formed before January 1, 2024. A companion bill has been introduced in the Senate. The Senate bill has been referred to committee but remains pending. If the bill passes the Senate, it will impact approximately 32 million small businesses. Until the bill passes, however, the BOI reporting deadline for all reporting companies remains March 21, 2025.
News from Scopelitis is intended as a report to our clients and friends on developments affecting the transportation industry. The published material does not constitute an exhaustive legal study and should not be regarded or relied upon as individual legal advice or opinion.
BOI Reporting Deadline Extension Bill Passes House, Before Senate
On February 10, 2025, the House of Representatives passed H.R. 736, Protect Small Businesses From Excessive Paperwork Act of 2025, 408–0. The bill extends the deadline for filing Beneficial Ownership Information (“BOI”) reports to January 1, 2026, for reporting companies formed before January 1, 2024. A companion bill has been introduced in the Senate. The Senate bill has been referred to committee but remains pending. If the bill passes the Senate, it will impact approximately 32 million small businesses. Until the bill passes, however, the BOI reporting deadline for all reporting companies remains March 21, 2025.
News from Scopelitis is intended as a report to our clients and friends on developments affecting the transportation industry. The published material does not constitute an exhaustive legal study and should not be regarded or relied upon as individual legal advice or opinion.