Community Associations Institute v. U.S. Department of Treasury

By Richard S. Ekimoto, Esq

Community Associations Institute filed a lawsuit against the U.S. Department of Treasury challenging the Corporate Transparency Act and its application to community associations. The law suit challenges the law on the grounds that community associations are exempt under Section 528 of the Internal Revenue Code and several constitutional grounds. A hearing on a motion for preliminary injunction is scheduled for October 11, 2024. The motion seeks to prevent the U.S. Treasury Department from enforcing the CTA against community associations.