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MI HB4502

Bill

Official Source

Status

Introduced

5/15/2025

Primary Sponsor

Steve Carra

Click for details

Origin

House of Representatives

103rd Legislature

AI Summary

  • Reduces the education requirement for CPA certification from 150 semester hours to 60 semester hours of college education
  • Changes the minimum degree requirement from a baccalaureate (bachelor's) degree to an associate degree with a concentration in accounting
  • Allows individuals who have completed an associate degree curriculum with an accounting concentration to sit for the CPA examination
  • Updates reciprocity provisions so out-of-state CPAs with 60 semester hours and an associate degree (rather than 150 hours and a bachelor's degree) are considered to have substantially equivalent qualifications
  • Maintains existing requirements for 1 year of qualifying experience verified by a certified public accountant and passing the uniform CPA exam

Legislative Description

Occupations: accounting; qualifications for certified public accountants; revise. Amends secs. 725 & 727a of 1980 PA 299 (MCL 339.725 & 339.727a).

Occupations: accounting

Last Action

Bill Electronically Reproduced 05/15/2025

5/20/2025

Committee Referrals

Regulatory Reform5/15/2025

Full Bill Text

No bill text available