CA SB788

Expands the Tax Preparation Act exemption from "a person" to "an individual" with a current and valid license from the California Board of Accountancy

Adds a new exemption for individuals authorized to practice public accountancy under Article 5.1 of the Business and Professions Code

Creates an exemption for accounting firms with valid Board of Accountancy licenses, including the firm's partners, shareholders, owners, and employees

Applies to tax returns prepared for taxable years beginning on or after January 1, 2025