SB118 Summary

• Expands citizenship eligibility for CPA certification to include individuals who are legally present in the United States with appropriate federal documentation, in addition to U.S. citizens and those who have declared intent to become citizens.

• Reduces education requirements for CPA exam eligibility effective January 1, 2016, from 150 semester hours or 225 quarter hours to 120 semester hours or 180 quarter hours.

• Changes the effective date for the reduced education requirements from January 1, 1995 to January 1, 2016.

• Removes the previous provision allowing individuals who declared intent to become citizens to qualify for CPA certification.

• Bill becomes effective on January 1, 2016.