IllinoisHB2459104th General Assembly (2025–2026)House

PUBLIC ACCOUNTING LICENSURE

Sponsored By: Sponsor information unavailable

Signed by Governor

Summary

Amends the Illinois Public Accounting Act. Changes the definition of "CPA firm" to remove a reference to limited liability companies and to include professional limited liability companies. Changes references from "substantial equivalency" to "enhanced mobility". Changes provisions regarding substantial equivalency for an individual whose principal place of business is not in the State but who has a valid CPA license issued by another state to require that the licensure requirements of the issuing state must be equivalent to the criteria in the Act or, if the licensure requirements of the issuing state are not equivalent, to require that the individual must petition the Public Accountant Registration and Licensure Committee for, and obtain from the Public Accountant Registration and Licensure Committee, an equivalency determination (instead of requiring a verification of the criteria by the National Qualification Appraisal Service of the National Association of State Boards of Accountancy). Provides that, on and after January 1, 2027, the Department may license as licensed CPAs, individuals who have received a bachelor's degree in accounting from an accredited college or university and an exam certificate or certification from the Board and have had at least 2 years of experience as defined by Department of Financial and Professional Regulation rule. Provides that, on and after January 1, 2027, the Department may license as licensed CPAs individuals who have received a master's degree, a bachelor's degree with 30 hours of accounting from an accredited college or university and an exam certificate or certification from the Board, and at least one year of experience as defined by Department rule. Changes the organization that the Department may rely on for enhanced mobility determinations from the National Qualification Appraisal Service of the National Association of State Board of Accountancy to the Public Accountant Registration and Licensure Committee. Makes conforming and other changes.

financial institutions and licensingassignmentslicensed activities

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsors

There is no primary sponsor on record.

Cosponsors

  • Amy Elik

    Republican • House

  • Anthony DeLuca

    Democratic • House

  • Chris Balkema

    Republican • Senate

  • Dagmara Avelar

    Democratic • House

  • Hoan Huynh

    Democratic • House

  • Jaime M. Andrade, Jr.

    Democratic • House

  • Jawaharial Williams

    Democratic • House

  • Joyce Mason

    Democratic • House

  • Michael J. Coffey, Jr.

    Republican • House

  • Natalie A. Manley

    Democratic • House

  • Regan Deering

    Republican • House

  • Steven Reick

    Republican • House

  • Suzy Glowiak Hilton

    Democratic • Senate

Roll Call Votes

All Roll Calls

Yes: 191 • No: 0

Senate vote • 5/22/2025

Third Reading - Passed;

Yes: 58 • No: 0

Senate vote • 5/1/2025

Do Pass Licensed Activities;

Yes: 7 • No: 0

House vote • 4/8/2025

Third Reading - Short Debate - Passed

Yes: 114 • No: 0

House vote • 3/11/2025

Do Pass / Short Debate Financial Institutions and Licensing Committee;

Yes: 12 • No: 0

Actions Timeline

  1. Public Act . . . . . . . . . 104-0228

    8/15/2025House
  2. Effective Date January 1, 2026

    8/15/2025House
  3. Governor Approved

    8/15/2025House
  4. Sent to the Governor

    6/20/2025House
  5. Passed Both Houses

    5/22/2025House
  6. Third Reading - Passed; 058-000-000

    5/22/2025Senate
  7. Placed on Calendar Order of 3rd Reading **

    5/20/2025Senate
  8. Added as Alternate Co-Sponsor Sen. Chris Balkema

    5/15/2025Senate
  9. Placed on Calendar Order of 3rd Reading May 8, 2025

    5/7/2025Senate
  10. Second Reading

    5/7/2025Senate
  11. Placed on Calendar Order of 2nd Reading May 6, 2025

    5/1/2025Senate
  12. Do Pass Licensed Activities; 007-000-000

    5/1/2025Senate
  13. Assigned to Licensed Activities

    4/23/2025Senate
  14. Referred to Assignments

    4/9/2025Senate
  15. First Reading

    4/9/2025Senate
  16. Chief Senate Sponsor Sen. Suzy Glowiak Hilton

    4/9/2025Senate
  17. Placed on Calendar Order of First Reading

    4/9/2025Senate
  18. Arrive in Senate

    4/9/2025Senate
  19. Added Co-Sponsor Rep. Hoan Huynh

    4/8/2025House
  20. Added Co-Sponsor Rep. Joyce Mason

    4/8/2025House
  21. Added Co-Sponsor Rep. Dagmara Avelar

    4/8/2025House
  22. Third Reading - Short Debate - Passed 114-000-000

    4/8/2025House
  23. Added Chief Co-Sponsor Rep. Anthony DeLuca

    4/8/2025House
  24. Added Co-Sponsor Rep. Regan Deering

    3/19/2025House
  25. Placed on Calendar Order of 3rd Reading - Short Debate

    3/19/2025House

Bill Text

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