Bill > SF1536

This bill modifies the education and experience requirements for certified public accountants (CPAs) in Minnesota, establishing new standards that will take effect on July 1, 2030. Currently, CPA candidates must complete 150 semester hours of education and one year of experience. After July 1, 2030, candidates will have two pathways to certification: either earning a master's degree with one year of experience or obtaining a bachelor's degree with two years of experience. The experience can be in various fields including government, industry, academia, or public practice, and must involve accounting, advisory, tax, or consulting skills. The bill also establishes a reciprocity provision for out-of-state CPAs, allowing them to practice in Minnesota if they hold a valid certification from another state, have a bachelor's degree with an accounting concentration, and have passed the Uniform CPA Examination. Additionally, the bill creates a transitional period until July 1, 2030, during which candidates can qualify under either the current or new standards, and repeals a previous rule about substantial equivalency verification for out-of-state CPAs.

Government Affairs

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF1536&ssn=0&y=2025