The bill, S.B. No. 262, amends the eligibility requirements for individuals seeking to practice public accountancy in Texas. Key changes include the addition of specific educational qualifications, where candidates must now complete either at least 150 semester hours in board-recognized courses with an accounting concentration or a baccalaureate degree with an accounting concentration. Furthermore, for those obtaining a certificate with a baccalaureate degree, the bill mandates the completion of two years of experience as determined by board rule.

Additionally, the bill modifies the acceptance criteria for the uniform CPA examination from other states, ensuring that applicants must have met the requirements in effect in Texas at the time the credit was earned. It also allows for the acceptance of partial completion of the CPA examination from other states, provided that the standards of the other state are equal to or higher than Texas's standards. The Texas State Board of Public Accountancy is tasked with adopting necessary rules to implement these changes, which will take effect on September 1, 2025.

Statutes affected:
Introduced: Occupations Code 901.252, Occupations Code 901.256, Occupations Code 901.258, Occupations Code 901.312 (Occupations Code 901)