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Bill > SB605

VA SB605

VA SB605
Accountancy, Board of; licensing requirements, inactive and emeritus status.

summary

Introduced
01/14/2026
In Committee
02/19/2026
Crossed Over
02/26/2026
Passed
03/02/2026
Dead

Introduced Session

Potential new amendment
2026 Regular Regular Session

Bill Summary

Board of Accountancy; licensing requirements; inactive and emeritus status. Directs the Board of Accountancy to establish "Inactive" and "Emeritus" CPA license statuses for licensees who no longer provide services to the public or services to or on behalf of an employer. The bill requires the Board to develop guidelines to provide active and inactive licensees additional clarity governing the manner in which such licensees should reference autobiographical and biographical information with respect to their CPA licensure to remain historically accurate and compliant with the law and relevant regulations. The bill directs the Board of Accountancy to adopt emergency regulations to implement the provisions of the bill. This bill is identical to HB 870.

AI Summary

This bill establishes new "Inactive" and "Emeritus" CPA (Certified Public Accountant) license statuses for individuals who no longer provide accounting services to the public or for an employer, provided they are currently licensed in Virginia and not facing any disciplinary actions. To qualify for "CPA, Inactive," a licensee must have held an active CPA license for at least five years, while "CPA, Emeritus" requires either 15 years of active or inactive licensure and being at least 60 years old, or 30 years of licensure. The Board of Accountancy, which oversees CPA licensing, is directed to create emergency regulations to implement these new statuses and develop guidance by September 30, 2026, that allows former licensees to make biographical and historically accurate references to their previous CPA licensure.

Committee Categories

Justice, Labor and Employment

Sponsors (2)

Last Action

Signed by President (on 03/02/2026)

bill text

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bill summary

Document Type Source Location
State Bill Page https://lis.virginia.gov/bill-details/20261/SB605
BillText https://lis.virginia.gov/bill-details/20261/SB605/text/SB605ER
Fiscal Note/Analysis - Fiscal Impact Statement from Department of Planning and Budget (SB605) https://lis.blob.core.windows.net/files/1187549.PDF
House Amendment https://lis.virginia.gov/bill-details/20261/SB605/text/SB605EDOC
General Laws Amendment https://lis.virginia.gov/bill-details/20261/SB605/text/SB605AHC1
General Laws Amendment https://lis.virginia.gov/bill-details/20261/SB605/text/SB605AH1
BillText https://lis.virginia.gov/bill-details/20261/SB605/text/SB605S1
Fiscal Note/Analysis - Fiscal Impact Statement from Department of Planning and Budget (SB605) https://lis.blob.core.windows.net/files/1128193.PDF
BillText https://lis.virginia.gov/bill-details/20261/SB605/text/SB605SC1
Fiscal Note/Analysis - Fiscal Impact Statement from Department of Planning and Budget (SB605) https://lis.blob.core.windows.net/files/1101094.PDF
BillText https://lis.virginia.gov/bill-details/20261/SB605/text/SB605
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