Bill Text: NY S08522 | 2017-2018 | General Assembly | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Removes the three-year exemption of mandatory continuing education for newly licensed certified public accountants and public accountants.

Spectrum: Slight Partisan Bill (Republican 2-1)

Status: (Introduced - Dead) 2018-06-20 - SUBSTITUTED BY A10648 [S08522 Detail]

Download: New_York-2017-S08522-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          8522
                    IN SENATE
                                       May 9, 2018
                                       ___________
        Introduced  by  Sen. HELMING -- read twice and ordered printed, and when
          printed to be committed to the Committee on Higher Education
        AN ACT to amend the education law, in relation to  mandatory  continuing
          education requirements for certified public accountants
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. Paragraph b of subdivision 1 of section 7409 of the  educa-
     2  tion  law,  as amended by chapter 651 of the laws of 2008, is amended to
     3  read as follows:
     4    b. [Certified public  accountants  and  public  accountants  shall  be
     5  exempt  from  the  mandatory  continuing  education  requirement for the
     6  triennial registration period during which they are  first  licensed  by
     7  the  department.]  Certified  public  accountants and public accountants
     8  shall be required to complete mandatory  continuing  education  require-
     9  ments  beginning  in  the  calendar  year subsequent to their receipt of
    10  their certificate with CPE,  prorated  for  the  triennial  registration
    11  period  during  which  they  are  first  licensed  by the department. In
    12  accordance with the intent of this section, adjustments to the mandatory
    13  continuing education requirement may be granted by  the  department  for
    14  reasons  of  health  certified  by a physician, for extended active duty
    15  with armed forces of the United States, or for other good cause accepta-
    16  ble to the department which may prevent compliance.
    17    § 2. This act shall take effect January 1, 2020.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD15717-02-8