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Bill > HB121


AK HB121

AK HB121
Accounting; Private Pro. Conservators


summary

Introduced
02/28/2025
In Committee
05/09/2025
Crossed Over
03/24/2025
Passed
07/30/2025
Dead
Signed/Enacted/Adopted
07/23/2025

Introduced Session

34th Legislature

Bill Summary

An Act relating to the practice of accounting; relating to private professional conservators; amending Rule 17(e), Alaska Rules of Probate Procedure; and providing for an effective date.

AI Summary

This bill makes several modifications to Alaska's accounting and private professional conservator regulations. For accounting professionals, the bill simplifies education requirements for certified public accountants (CPAs), removing specific semester hour requirements while maintaining the need for a baccalaureate degree with an accounting concentration. It also expands "practice privileges" for out-of-state accounting firms and individuals, allowing them to practice in Alaska without additional licensing fees or notifications, provided they meet certain professional standards. For private professional conservators, the bill adds a new pathway to licensure by allowing CPAs to qualify for a conservator license, in addition to the existing guardianship certification route. The bill also modifies requirements for temporary licenses and mandatory education for conservators, including a provision that conservators who fail to complete a required one-hour education course within 30 days of appointment will be removed by the court. These changes aim to streamline professional licensing processes, reduce administrative barriers, and ensure professional competence in accounting and conservatorship roles. The bill will take effect on January 1, 2026, with some sections taking immediate effect.

Committee Categories

Business and Industry, Education

Sponsors (10)

Last Action

EFFECTIVE DATE(S) OF LAW SEE CHAPTER (on 07/30/2025)

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