HB2042
Certified public accountant; educational requirements to qualify for CPA licensure.
Status:
Enacted
Latest Action:
March 24, 2025
Acts of Assembly Chapter text (CHAP0523)
Chief Patron:
Holly Seibold (D)
Session:
2025 Regular Session
Summary
As Passed House of Origin. Certified public accountant; educational requirements.
Clarifies education and experience requirements for candidates to qualify for CPA licensure. The bill also provides that, to qualify for practice privileges within the Commonwealth, an individual must have a license in good standing in another jurisdiction and have passed the CPA examination. The bill directs the Board of Accountancy ... (More) to adopt emergency regulations to implement the provisions of the bill. The bill contains technical amendments. This bill is identical to SB 1042. (Less)-
Bill History
- 01/07/2025 - House: Prefiled and ordered printed; Offered 01-13-2025 25101153D
- 01/07/2025 - House: Referred to Committee on General Laws
- 01/13/2025 - House: Fiscal Impact Statement from Department of Planning and Budget (HB2042)
- 01/20/2025 - House: Assigned GL sub: Professions/Occupations and Administrative Process
- 01/20/2025 - House: Placed on General Laws Agenda
- 01/23/2025 - House: Subcommittee recommends reporting with amendment(s) (7-Y 0-N)
- 01/27/2025 - House: Placed on General Laws Agenda
- 01/28/2025 - House: Reported from General Laws with amendment(s) (22-Y 0-N)
- 01/30/2025 - House: Read first time
- 01/31/2025 - House: Read second time
- 01/31/2025 - House: General Laws Amendment agreed to
- 01/31/2025 - House: Engrossed by House as amended
- 01/31/2025 - House: Printed as engrossed 25101153D-E
- 01/31/2025 - House: Fiscal Impact Statement from Department of Planning and Budget (HB2042)
- 02/03/2025 - House: Read third time and passed House (98-Y 0-N)
- 02/03/2025 - House: Reconsideration of passage agreed to by House
- 02/03/2025 - House: Read third time and passed House (99-Y 0-N)
- 02/04/2025 - Senate: Constitutional reading dispensed (on 1st reading)
- 02/04/2025 - Senate: Referred to Committee on General Laws and Technology
- 02/12/2025 - Senate: Reported from General Laws and Technology (14-Y 0-N)
- 02/14/2025 - Senate: Rules suspended
- 02/14/2025 - Senate: Constitutional reading dispensed (on 2nd reading) (36-Y 0-N)
- 02/14/2025 - Senate: Passed by for the day
- 02/17/2025 - Senate: Read third time
- 02/17/2025 - Senate: Passed Senate (39-Y 0-N)
- 02/19/2025 - House: Enrolled
- 02/19/2025 - House: Bill text as passed House and Senate (HB2042ER)
- 02/19/2025 - House: Fiscal Impact Statement from Department of Planning and Budget (HB2042)
- 02/19/2025 - House: Signed by Speaker
- 02/22/2025 - Senate: Signed by President
- 03/03/2025 - House: Enrolled Bill communicated to Governor on March 3, 2025
- 03/03/2025 - Governor's Action Deadline 11:59 p.m., March 24, 2025
- 03/24/2025 - Approved by Governor-Chapter 523 (Effective 07/01/25)
- 03/24/2025 - Acts of Assembly Chapter text (CHAP0523)
