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Senate committee eases inactive status rules for CPAs with passage of SB 290
Summary
SB 290, presented by the State Board of Accountancy, expands inactive-license eligibility for CPAs, exempts inactive licensees from the 40-hour annual continuing-education requirement, and sets a catch-up process (40 hours per year, cap 120 hours); the committee passed the bill by voice vote.
The Senate Insurance & Commerce Committee voted to advance Senate Bill 290 after staff from the State Board of Accountancy described the measure as a way to expand inactive-license options for certified public accountants.
Jimmy Corley, executive director of the State Board of Accountancy, told the committee SB 290 "creates more opportunities for their licensees to qualify for inactive status with the board." He said inactive status is…
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