February 27, 2025
In This Issue:
- Texas Legislature 89th Session Update
- Revised Overview of Corporate Transparency Act. As Reinstated March 21 Deadline Approaches, Who Is Required to Report BOI?
- Texas’ Adoption of ALTA Endorsements Gives Energy Projects Greater Title Coverage
- FBI Advisory Warns Of Dangerous “Ghost” Ransomware Attacks
Texas Legislature 89th Session Update
TLTA | Feb. 26, 2025
The bill filing deadline for the 89th Session is a little more than two weeks away. Senate Committees are holding full hearings and we can expect the same from all House committees within the next two weeks.
Sen. Zaffirini files legislation included on TLTA’s affirmative legislative agenda for the 89th Session
We are pleased to report that the Dean of the Texas Senate, Sen. Zaffirini, has filed SB 1547, which will clean up a conflict in the law regarding the charge for electronic copies of real property records. This conflict was an inadvertent consequence of a bill passed last session.
Review SB 1547 »
Review TLTA’s one-pager on SB 1547 explaining the benefits of this bill for our industry »
This affirmative legislative agenda item was approved by
TLTA's Board of Directors as recommended by our
Legislative Committee, which is chaired by Steve Streiff.
Gov. Abbott's Emergency Items – Property Taxes
While committees are beginning to meet on bills and development of legislation continues capitol-wide, much of the legislature's energy and momentum is focused on development of the state budget and the
session’s emergency items, which Gov. Abbott laid out in his State of the State Address earlier this year, including property tax reduction.
Both chambers have produced property tax reduction proposals:
Senate’s Property Tax Reduction Bill(s)
Review SB 4 »
House’s Property Tax Reduction Bill(s)
Review HB 8 »
Review HB 9 »
Legislation TLTA's Advocacy Team Is Tracking
Bills related to adverse possession, land use, HOA's and more have been filed by lawmakers.
Review the 89th Session Bills of Interest your TLTA Advocacy Team is tracking this session. Note that this list will grow as more bills are filed. The bill filing deadline is March 15.
Questions About TLTA's Legislative Process?
TLTA's Legislative Committee, Local Legislative Liaisons, our industry's grassroots network and the TLTA PAC Board of Governors are all part of TLTA's team of engaged legislative advocates.
Learn More About TLTA's Legislative Process and How You Can Get Involved »
Less than 100 days remain in the Texas Legislature’s 89th Session.
Revised Overview of Corporate Transparency Act. As Reinstated March 21 Deadline Approaches, Who Is Required to Report BOI?
Leslie S. Johnson, TLTA Board Member | Feb. 26, 2025
There have been a host of stories about the 2021 federal Corporate Transparency Act (“CTA”) in the news lately due to multiple ongoing lawsuits and proposed legislation. Orders issued in those lawsuits have alternatively stayed and reinstituted the effectiveness of the CTA and its reporting requirements. This article aims to recall the basic outline and obligations of the CTA and explain the current status and deadlines of the reporting requirements.
Read more »
TLTA Editor's Note: The reporting deadline for BOI was reinstated, and the new deadline for most reporting entities is March 21, 2025. Learn more in Leslie S. Johnson's article above.
Texas’ Adoption of ALTA Endorsements Gives Energy Projects Greater Title Coverage
McGuire Woods | Feb. 18, 2025
The Texas Department of Insurance recently adopted some of the “ALTA 36” series of title endorsements available for energy projects in ALTA states. The new endorsements give energy projects in Texas specific coverages previously unavailable on Texas title insurance policies.
Read more »
FBI Advisory Warns Of Dangerous “Ghost” Ransomware Attacks
Forbes | Feb. 22, 2025
A joint security advisory published Feb. 19 by the FBI and the Cybersecurity and Infrastructure Security Agency, AA25-050A, has warned organizations around the world of a dangerous ransomware group known as Ghost, which is carrying out ongoing attacks targeting multiple industry sectors across more than 70 countries.
Read the advisory »
Read additional analysis and coverage from Forbes »