Bill > HSB177

This Study Bill modifies the requirements for obtaining a Certified Public Accountant (CPA) certificate, which is a professional license for accountants. Specifically, it outlines two pathways for applicants: either completing at least 150 semester hours of college education, earning a degree, and gaining one year of relevant experience, or completing at least 120 semester hours of college education, earning a degree, and gaining two years of relevant experience. The degree must be a baccalaureate or higher from an accredited institution and include an accounting concentration or an equivalent field determined by the board, which is the regulatory body overseeing CPAs. The required experience can encompass a broad range of services like accounting, auditing (attest), tax, and consulting, and can be gained in various sectors including government, private industry, or academia. The bill also includes provisions for individuals who obtained their CPA certificates before a certain date and makes adjustments to rules regarding out-of-state CPAs practicing in the state and the experience requirements for those holding foreign designations, with an effective date of July 1, 2026.