relative to the granting of retired status to certified public accountants.

Retired accountants avoid renewal fees

The law creates retired status for current or former New Hampshire certified public accountants (CPAs) who are at least 55. Applicants must have been in good standing when last licensed and declare they do not practice public accounting anywhere. They must apply on the Office of Professional Licensure and Certification's form; the office issues a certificate when granting status. Retired status requires no continuing education, registration renewals, or renewal fees. It is an honorary title, not permission to perform or offer services requiring an accounting license, certificate, or permit. Holders can place “retired” or an abbreviation beside their CPA or public accountant title on cards, letterhead, and other materials. This does not apply to their CPA certificate or public accountant registration, and they cannot be presented as currently practicing. The office can approve a requested return to active or inactive status after licensing requirements, including continuing education, are met. The law takes effect 60 days after passage.