ACCOUNTING; PRIVATE PRO. CONSERVATORS
Sponsored By: Calvin Schrage (Not)
Became Law
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Bill Overview
Analyzed Economic Effects
4 provisions identified: 0 benefits, 0 costs, 4 mixed.
Private conservator licenses and training
Alaska now licenses private professional conservators. You must be at least 21, have a high school diploma or GED, and have six months of financial management work or an associate degree in accounting or similar. You must be a certified guardian or a licensed CPA and have no listed fraud or theft convictions in the last 10 years. The state may issue a temporary license if you are likely to earn the required certification or CPA license within one year; if you send proof within a year, you get a full license without a new application. Courts require one hour of conservatorship training before appointment or within 30 days; if you do not finish in 30 days, the court removes you and appoints a successor. The department can discipline a licensee for misconduct, for losing required certification or CPA licensure, or for failing to keep a court‑ordered bond.
New CPA license rules and fees
Beginning January 1, 2026, Alaska changes CPA license rules. You can qualify with a bachelor’s degree that has an accounting concentration (or equivalent) plus two years of accounting experience. The separate 150 semester‑hour rule no longer applies. The department sets the fees for exams, reexams, permits, and licenses under state law; practice privileges are not included.
Easier out-of-state CPA practice
Beginning January 1, 2026, if you are licensed in another state and your main office is there, you can serve Alaska clients under a practice privilege. Qualifying out‑of‑state firms that are majority CPA‑owned, have their main office in another state, and have no Alaska office can also use the privilege. You do not need to notify the Alaska board, pay a board fee, or file paperwork first; you may work by mail, phone, online, or in person. You must accept Alaska board authority, follow Alaska rules, stop practicing here if your home‑state license or firm authorization becomes invalid, and accept your home state’s board as agent for service of process. The Alaska board may set extra qualification rules by regulation.
Stricter CPA firm permits and titles
Beginning January 1, 2026, CPA firms must meet stricter permit rules. To renew, firms must keep required Alaska offices, and their CPAs must meet continuing education and peer review rules. An initial firm permit lasts only for the rest of the current two‑year licensing period. Firms may use “CPA,” “certified public accountant,” “public accountant,” or “PA” only if they hold a permit or practice under a privilege and use the permit name. Individuals may perform attest work only through a firm with a permit or a practice privilege. Alaska can discipline a firm when an owner’s license or the firm’s authorization is disciplined in another state (except for nonpayment of a fee). The board may modify a suspension or reissue a revoked or suspended license, permit, or practice privilege after a hearing. One older permit subsection is repealed.
Sponsors & Cosponsors
Sponsor
Calvin Schrage
Not • House
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
Actions Timeline
(H) EFFECTIVE DATE(S) OF LAW SEE CHAPTER
7/30/2025House(H) LAW W/O GOV SIGNATURE 7/23 CHAPTER 22 SLA 25
7/30/2025House(H) MANIFEST ERROR(S)
7/30/2025House(H) 11:45 A.M. 6/30/25 TRANSMITTED TO GOVERNOR
7/30/2025House(H) EFFECTIVE DATE(S) SAME AS PASSAGE
5/20/2025House(H) COURT RULE(S) SAME AS PASSAGE
5/20/2025House(H) CONCUR AM OF (S) Y40
5/20/2025House(H) TITLE CHANGE: SCR 6
5/20/2025House(H) CONCUR MESSAGE TAKEN UP
5/20/2025House(H) CONCUR MESSAGE READ AND HELD
5/20/2025House(S) VERSION: SCS HB 121(STA)
5/19/2025Senate(S) TRANSMITTED TO (H) AS AMENDED
5/19/2025Senate(S) EFFECTIVE DATE(S) SAME AS PASSAGE
5/19/2025Senate(S) COURT RULE(S) SAME AS PASSAGE
5/19/2025Senate(S) PASSED Y20 N-
5/19/2025Senate(S) READ THE THIRD TIME SCS HB 121(STA)
5/19/2025Senate(S) CROSS SPONSOR(S): MYERS, KAWASAKI, CLAMAN
5/17/2025Senate(S) ADVANCED TO THIRD READING 5/19 CAL
5/17/2025Senate(S) STA SCS ADOPTED UC
5/17/2025Senate(S) READ THE SECOND TIME
5/17/2025Senate(S) RULES TO CALENDAR 5/17/2025
5/17/2025Senate(S) FN2: ZERO(CED)
5/17/2025Senate(S) NR: BJORKMAN, DUNBAR, MERRICK, GRAY-JACKSON
5/17/2025Senate(S) TITLE CHANGE: SCR 6
5/17/2025Senate(S) L&C RPT SCS(STA) 4NR
5/17/2025Senate
Bill Text
Enrolled HB 121
5/20/2025
SCS HB 121(STA)
5/9/2025
HB 121
2/28/2025