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NJ A5598
Bill
Status
Vetoed
1/12/2026
Primary Sponsor
Sterley Stanley
Click for details
AI Summary
- Allows CPA licensure candidates to qualify with either a bachelor's degree (minimum) or 150 credit hours of education, both requiring a concentration in accounting from an accredited institution
- Requires two years of supervised experience for candidates qualifying with only a bachelor's degree, compared to one year for those completing 150 credit hours
- Grants practice privileges to out-of-state CPAs holding a current, valid, unrevoked license who passed the Uniform CPA exam and have one year of qualifying experience, without requiring New Jersey licensure or board notification
- Streamlines reciprocity requirements for CPAs licensed in other states seeking New Jersey licensure, requiring a bachelor's degree, proof of passing the CPA exam, and one year of recent employment as a practicing CPA
- Takes effect 30 days after enactment and applies to applications received on or after the effective date
Legislative Description
Modifies requirements to obtain licensure in public accountancy.
Passed both Houses
Last Action
Passed Senate (Passed Both Houses) (39-0)
1/12/2026
Committee Referrals
Budget and Appropriations6/12/2025
Commerce5/29/2025
Regulated Professions5/5/2025
Full Bill Text
No bill text available