H.B. No. 1764 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 modifies Section 901.259(a) to clarify the criteria under which the Texas State Board of Public Accountancy will issue a certificate to individuals holding a CPA license from another state. Notably, it removes previous requirements related to verification by the National Association of State Boards of Accountancy and introduces new criteria, including the completion of specific educational and experience requirements, as well as the necessity to meet continuing professional education standards.

Additionally, the bill amends Section 901.462 to allow individuals with an active CPA license from another state to practice in Texas without obtaining a Texas license, provided they meet certain conditions, such as passing the uniform CPA examination and completing requisite educational qualifications. New provisions are included that empower the board to prohibit individuals from exercising these privileges if they do not meet the established requirements. Furthermore, a provision is added to allow individuals who held a CPA license from another state as of December 31, 2024, to continue practicing in Texas under the privileges outlined in the bill without needing to obtain a Texas license.

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