2024 brought many significant changes and events that affect the school bus industry. From the extension of the Under the Hood Exemption, to changes and challenges in new laws affecting employers, there was no shortage of news in the past year. Continuing reading for a recap of the year’s most significant events that may have an impact on you and your business.
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On December 3, 2024, a nationwide injunction was issued in the matter of Texas Top Cop Shop, Inc. v. Garland, No. 4:24-cv-478 (E.D. Tex. Dec. 3, 2024) preventing enforcement of the reporting requirements of the Corporate Transparency Act (CTA). On December 6, 2024, the Financial Crimes Enforcement Network (known as “FinCEN”) suspended reporting while the injunction remains in effect.
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