Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Professional Licensing topic
No spam. Unsubscribe anytime.
Committee Hears Bill to Eliminate Duplicative Firm Licensing for Sole‑Practitioner CPAs
Summary
Representative Frisbie told the House Rules Committee HB 4892 would remove a separate firm license requirement for CPAs who operate as sole proprietors, reducing regulatory burden and encouraging entrepreneurship; the department and trade association indicated support.
The House Rules Committee heard testimony on House Bill 4892, which would eliminate the requirement that sole‑practitioner certified public accountants hold both an individual CPA license and a separate firm license.
Representative Frisbie told committee members the current system "forces qualified professionals to jump through regulatory hoops requiring both their individual CPA license and a separate firm license even when they are the only practitioner." She said HB 4892 would streamline licensing, reduce red tape, and encourage entrepreneurship. Committee members confirmed with the representative that the department and the CPA trade association supported the change.
No committee vote was taken on HB 4892 at this meeting; the witness card from LARA (Paige Fultz) was read indicating involvement from the licensing agency. The committee did not request additional information at today's hearing.
