S.B. No. 522 amends the Occupations Code to streamline the certification and regulation process for out-of-state certified public accountants (CPAs) wishing to practice in Texas. The bill allows the Texas State Board of Public Accountancy to issue certificates to individuals who hold valid CPA licenses from other states, provided they meet specific criteria. Notably, the bill removes previous requirements related to verification by the National Association of State Boards of Accountancy and instead introduces new criteria, including the completion of a baccalaureate degree with a concentration in accounting or equivalent courses, and a minimum of one to two years of work experience depending on the educational pathway.

Additionally, the bill establishes that individuals holding an active CPA license from another state can exercise the same privileges as Texas license holders without needing to obtain a Texas certificate, as long as they meet the outlined educational and experience requirements. It also includes provisions that allow the board to prohibit individuals from exercising these privileges if they do not meet the necessary criteria. Furthermore, individuals who held a CPA license from another state and practiced in Texas as of December 31, 2024, will be allowed to continue exercising their privileges without obtaining a Texas license, subject to the regulations of the chapter.

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