S.B. No. 522 aims to amend the Occupations Code regarding the certification and regulation of out-of-state certified public accountants (CPAs) in Texas. The bill modifies Section 901.259(a) to streamline the requirements for individuals holding CPA certificates or licenses from other states. Notably, it removes previous stipulations that required verification from the National Association of State Boards of Accountancy regarding the comparability of education, examination, and experience requirements. Instead, it introduces new criteria, including the necessity for applicants to have passed the uniform CPA examination and to have completed specific educational and work experience requirements.

Additionally, the bill amends Section 901.462 to allow individuals with active CPA licenses from other states to practice in Texas without obtaining a Texas certificate or license, provided they meet certain conditions. These conditions include having passed the CPA examination and having completed a degree with a concentration in accounting or equivalent courses. The bill also includes provisions that allow the Texas board to prohibit individuals from exercising privileges if they do not meet the established requirements. Furthermore, it grants individuals who held a CPA license from another state as of December 31, 2024, the ability to continue practicing in Texas under the privileges outlined in the bill without needing to obtain a Texas license. The act is set to take effect immediately upon receiving a two-thirds vote or on September 1, 2025, if not.

Statutes affected:
Introduced: Occupations Code 901.462 (Occupations Code 901)
Senate Committee Report: Occupations Code 901.259, Occupations Code 901.462 (Occupations Code 901)