HI SB1266

Allows out-of-state certified public accountants to practice in Hawaii for up to 30 days per year if their home state has equivalent licensing standards and provides reciprocal practice rights to Hawaii accountants.

Requires nonresident accountants practicing under this provision to withhold proper general excise or use tax, provide tax and business registration information, and carry professional malpractice insurance of at least $2,000,000.

Establishes that violations of Hawaii accounting laws by nonresident practitioners constitute a Class B felony, with administrative fines of not less than $10,000 per occurrence.

Mandates the State Board of Public Accountancy report violations to the attorney general, other states' regulatory boards, and major national accounting associations; whistleblowers receive 15 percent of all fines and penalties collected.

Prohibits nonresident accountants from holding themselves out as certified public accountants in Hawaii and subjects them to the jurisdiction of Hawaii courts.