NJ S4493

Creates two pathways to CPA licensure in New Jersey: either a baccalaureate degree or completion of 150 semester hours of education, both requiring a concentration in accounting from an accredited institution

Requires two years of verified accounting experience for applicants with only a bachelor's degree, compared to one year for those completing 150 hours of education

Replaces "substantial equivalence" standard with "comparable" standards for out-of-state and foreign-licensed CPAs seeking New Jersey licensure, removing reliance on National Association of State Boards of Accountancy verification

Grants out-of-state CPAs practice privileges in New Jersey without obtaining a separate license if they hold a current, valid, unrevoked license from any state, passed the Uniform CPA exam, and have one year of qualifying experience

Grandfathers individuals holding valid out-of-state CPA licenses before December 31, 2025 who already have practice privileges in New Jersey, allowing them to continue practicing without additional licensure requirements