On September 25, 2024, the Governor of California signed Senate Bill 347 into law, introducing a new exemption to the California Subdivision Map Act[1] (the “Act”) specifically for EV charging and hydrogen fueling leases (the “Exemption”). Generally speaking, the Act prohibits the transfer of any portion of a legal parcel, including through leases, without a formal legal subdivision. The Exemption offers clarity and reassurance to developers of EV charging and hydrogen fueling projects by confirming that such leases are compliant with the Act, as long as the associated project is subject to discretionary review by the local government. Whether any EV charging or hydrogen fueling project is subject to discretionary review is dependent on the jurisdiction and the permits required.

The Corporate Transparency Act, which went into effect on January 1, 2024, is intended to counter money laundering, the financing of terrorism, and other illicit activity by requiring the reporting of the beneficial ownership of entities operating in the United States.