The bill, S.B. No. 522, amends Section 901.462 of the Occupations Code to facilitate the practice of accounting in Texas by certified public accountants (CPAs) licensed in other states. It allows individuals holding a CPA license from another state to exercise the same privileges as Texas license holders without needing to obtain a Texas license, provided they meet specific criteria. The bill removes the requirement for verification from the National Association of State Boards of Accountancy regarding the comparability of licensure requirements and instead allows the Texas board to determine if the other state's requirements are comparable.

Additionally, the bill introduces new criteria that must be met for out-of-state CPAs to practice in Texas, including being in good standing in their home state, passing the uniform CPA examination, and having completed a degree with a concentration in accounting. It also specifies that individuals certified or licensed in another state as of January 1, 2025, will maintain their privileges without needing a Texas license, subject to the new provisions outlined in the bill. The act is set to take effect on September 1, 2025.

Statutes affected:
Introduced: Occupations Code 901.462 (Occupations Code 901)