VA HB870

Establishes "Inactive" and "Emeritus" CPA license statuses for Virginia licensees who no longer provide services to the public or employers

"CPA, Inactive" status requires the licensee to have held an active CPA license for at least five years

"CPA, Emeritus" status requires either holding an active or inactive license for at least 15 years and being at least 60 years old, or holding a license for at least 30 years

Requires the Board of Accountancy to promulgate implementing regulations within 280 days of enactment and publish guidance on biographical references to previous CPA licensure by September 30, 2026

Clarifies the definition of "using the CPA title in Virginia" to mean communication that indicates or implies a person is licensed or legally permitted to provide professional services in Virginia