3 things you missed in government this week

Corporate Transparency Act, Main Street Tax Certainty Act, DDH Compact

“Three Things You Missed in Government This Week” is designed to offer a way to stay informed on the topics of the week. These brief updates are meant to offer brief details on legislative or regulatory topics to keep dentists engaged and up to date. To explore the ADA’s latest advocacy efforts, more information is available at ADA.org/Advocacy.

Here is a roundup of some of the latest happenings in government that you may have missed this week:

1.    Filing requirements under the Corporate Transparency Act are back in effect after a federal judge in Texas reversed a previously issued injunction. Unless subject to a later deadline, most businesses have until March 21 to file beneficial ownership information reports. The Financial Crimes Enforcement Network said it "will provide an update before [March 21] of any further modification of this deadline, recognizing that reporting companies may need additional time to comply with their [beneficial ownership information] reporting obligations once this update is provided." The House of Representatives voted to advance legislation that, if approved, would delay the Corporate Transparency Act’s filing deadline to Jan. 1, 2026, for businesses created prior to 2024. The bill now heads to the Senate.

2.    The ADA sent a letter in support of the Main Street Tax Certainty Act led by Sen. Steve Daines, R-Mont., and Rep. Lloyd Smucker, R-Pa., which would seek to permanently extend Section 199A of the Internal Revenue Code, securing a 20% deduction on qualified income for pass-through businesses. This measure will provide assistance to small business dental practice owners, enabling them to expand oral health care services across the country.

3.    Two states held hearings discussing the Dentist and Dental Hygienist Compact: Missouri and Maryland. The compact was also voted unanimously out of committee in Nebraska, and currently awaits a vote in the Indiana Senate after passing 92-0 in the state’s House. These developments indicate that the compact, which supports license portability by allowing dental professionals to practice in participating compact states without having to obtain individual licenses, is making steady progress across the country.