This bill amends the New Hampshire Accountancy Act to modify the requirements for obtaining a certificate as a certified public accountant (CPA) and introduces provisions for individuals with out-of-state CPA certificates to offer services in New Hampshire. Key changes include the amendment of definitions related to "substantial equivalency" and the "Uniform Accountancy Act," with the latter now referencing the ninth edition published in July 2025 instead of the May 2014 edition. The education requirements for obtaining a CPA certificate have been updated, allowing for various combinations of degrees and credit hours, and the time frame for passing the CPA examination has been clarified, permitting applicants to sit for the exam up to 120 days before obtaining their baccalaureate degree.

Additionally, the bill establishes a new section on "Mobility," which allows CPAs with valid licenses from other states to perform services in New Hampshire without prior notice or additional documentation, provided they meet the state's educational and experience requirements. The bill also repeals certain provisions related to substantial equivalency for foreign designation applicants, streamlining the process for out-of-state CPAs. Overall, these changes aim to enhance the flexibility and accessibility of CPA services in New Hampshire while ensuring compliance with state regulations.

Statutes affected:
Introduced: 309-B:3, 309-B:5, 309-B:7
As Amended by the House: 309-B:3, 309-B:5, 309-B:7
HB1259 text: 309-B:3, 309-B:5, 309-B:7