42 NEBRASKA CATTLEMAN April/May 2025 1/4 Vertical • April. 2025 SCAN THE QR CODE FOR A MEDIA GUIDE or contact NEBRASKA CATTLEMAN SALES REP AMBER COLEMAN acoleman@necattlemen.org • (402) 340-1588 NEBRASKA CATTLEMAN The June/July issue is all about YOUTH, current issues and events and what is ahead for agriculture this summer and fall. Don’t miss an opportunity to reach your audience this summer and beyond. Advertise 3X and receive significant discounts ISSUE SPACE RESERVATION DEADLINES: June/July > April 25 August > June 25 Sept. > July 25 2025 Nebraska Cattlemen Annual Midyear Meeting June 11-12, Kearney Look for more information, schedule, lodging and registration on the Nebraska Cattlemen website ( necattlemen.org) or in upcoming issues of the Nebraska Cattlemen Chronicle. Save the Date CTA No Longer to be Enforced KENT BACUS | NCBA EXECUTIVE DIRECTOR OF GOVERNMENT AFFAIRS On March 2, the Treasury Department announced that it will no longer enforce the Corporate Transparency Act (CTA) for domestic reporting companies and their beneficiaries. Instead, the CTA will only be enforced for foreign reporting companies. With respect to the Corporate Transparency Act, the Treasury Department will not only not enforce any penalties or fines associated with the beneficial ownership information reporting rule under the existing regulatory deadlines, but it will further not enforce any penalties or fines against U.S. citizens or domestic reporting companies or their beneficial owners after the forthcoming rule changes take effect. The Treasury Department will further be issuing a proposed rulemaking that will narrow the scope of the rule to foreign reporting companies only. The Treasury Department stated that it takes this step in the interest of supporting hard-working American taxpayers and small businesses and ensuring that the rule is appropriately tailored to advance the public interest. “This is a victory for common sense,” said U.S. Secretary of the Treasury Scott Bessent. “Todayʼs action is part of President Trumpʼs bold agenda to unleash American prosperity by reining in burdensome regulations, in particular for small businesses that are the backbone of the American economy.” While this is positive news for the vast majority of producers, there may be some who have an interest in foreign reporting companies where the CTA will apply. Of course, please consult with your attorney or tax professional to determine what actions are best for your operation. National Cattlemenʼs Beef Association and Nebraska Cattlemen will provide updates on any further developments. ~NC~
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