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Bill > S04221
NY S04221
NY S04221Relates to certified public accountants; requires that a majority of the ownership of a professional service corporation formed to lawfully engage in the practice of public accountancy are individuals licensed to practice public accountancy in some state; enacts similar provisions for partnerships and LLCs.
summary
Introduced
02/03/2021
02/03/2021
In Committee
05/10/2022
05/10/2022
Crossed Over
05/10/2022
05/10/2022
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
2021-2022 General Assembly
Bill Summary
Relates to certified public accountants; requires that a majority of the ownership of a professional service corporation formed to lawfully engage in the practice of public accountancy are individuals licensed to practice public accountancy in some state; enacts similar provisions for partnerships and LLCs.
AI Summary
This bill relates to certified public accountants and requires that a majority of the ownership of a professional service corporation, partnership, or limited liability company formed to engage in the practice of public accountancy be individuals licensed to practice public accountancy in some state. It also enacts similar provisions for foreign professional service corporations, partnerships, and limited liability companies formed to provide public accountancy services. Additionally, the bill establishes a fee for non-licensee owners of firms registered in the state to engage in the practice of public accountancy.
Committee Categories
Education
Sponsors (13)
Toby Stavisky (D)*,
Joe Addabbo (D),
Leroy Comrie (D),
James Gaughran (D),
Andrew Gounardes (D),
Brad Hoylman (D),
Todd Kaminsky (D),
Timothy Kennedy (D),
John Mannion (D),
Shelley Mayer (D),
Jessica Ramos (D),
Julia Salazar (D),
Luis Sepúlveda (D),
Last Action
referred to higher education (on 05/10/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2021/S4221 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S04221&term=2021&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S04221 |
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