KY HB45

Eliminates the 150-semester-hour requirement for CPA licensure, allowing candidates to qualify with a baccalaureate degree in accounting plus either 30 additional credit hours or relevant work experience

Creates a tiered experience requirement: 1 year of accounting/attest experience for those with a post-baccalaureate degree or bachelor's plus 30 hours, or 2 years for those with only a bachelor's degree in accounting

Grants automatic practice privileges to out-of-state CPAs in good standing without requiring a Kentucky license, provided they met equivalent education and examination requirements at initial licensure

Authorizes the Kentucky State Board of Accountancy to revoke practice privileges for CPAs from states that grant licenses without meeting minimum qualification and continuing education standards acceptable to the board

Repeals KRS 325.263, which required previously approved candidates to submit proof of educational requirements after April 1, 2007