CT HB07020

Eliminates the "good character" requirement for CPA certification, which previously allowed the board to deny certificates based on a history of dishonest or felonious acts

Reduces education requirements effective October 1, 2025: applicants may now qualify with a baccalaureate degree plus accounting concentration, a baccalaureate plus 30 additional semester hours, or a post-baccalaureate degree (previously required 150 semester hours)

Establishes tiered experience requirements based on education path: 2 years for those with only a baccalaureate degree, 1 year for those with additional education beyond a bachelor's degree

Revises interstate practice privileges to require out-of-state CPAs to meet Connecticut's education, experience, and examination standards rather than relying on NASBA's "substantial equivalency" determinations

Removes statutory definitions of "NASBA" (National Association of State Boards of Accountancy) and "substantial equivalency" from the accountancy statutes