HB2459 - 104th General Assembly (2025-2026)
PUBLIC ACCOUNTING LICENSURE
Last Action
8/15/2025 - House: Public Act . . . . . . . . . 104-0228
Statutes Amended In Order of Appearance
Synopsis As Introduced
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.
Actions
| Date | Chamber | Action |
|---|---|---|
| 2/03/2025 | House | Filed with the Clerk by Rep. Natalie A. Manley |
| 2/04/2025 | House | Added Chief Co-Sponsor Rep. Amy Elik |
| 2/04/2025 | House | First Reading |
| 2/04/2025 | House | Referred to Rules Committee |
| 3/04/2025 | House | Assigned to Financial Institutions and Licensing Committee |
| 3/06/2025 | House | Added Co-Sponsor Rep. Michael J. Coffey, Jr. |
| 3/11/2025 | House | Do Pass / Short Debate Financial Institutions and Licensing Committee; 012-000-000 |
| 3/12/2025 | House | Added Chief Co-Sponsor Rep. Jaime M. Andrade, Jr. |
| 3/12/2025 | House | Added Co-Sponsor Rep. Jawaharial Williams |
| 3/12/2025 | House | Added Co-Sponsor Rep. Steven Reick |
| 3/12/2025 | House | Placed on Calendar 2nd Reading - Short Debate |
| 3/19/2025 | House | Second Reading - Short Debate |
| 3/19/2025 | House | Placed on Calendar Order of 3rd Reading - Short Debate |
| 3/19/2025 | House | Added Co-Sponsor Rep. Regan Deering |
| 4/08/2025 | House | Added Chief Co-Sponsor Rep. Anthony DeLuca |
| 4/08/2025 | House | Third Reading - Short Debate - Passed 114-000-000 |
| 4/08/2025 | House | Added Co-Sponsor Rep. Dagmara Avelar |
| 4/08/2025 | House | Added Co-Sponsor Rep. Joyce Mason |
| 4/08/2025 | House | Added Co-Sponsor Rep. Hoan Huynh |
| 4/09/2025 | Senate | Arrive in Senate |
| 4/09/2025 | Senate | Placed on Calendar Order of First Reading |
| 4/09/2025 | Senate | Chief Senate Sponsor Sen. Suzy Glowiak Hilton |
| 4/09/2025 | Senate | First Reading |
| 4/09/2025 | Senate | Referred to Assignments |
| 4/23/2025 | Senate | Assigned to Licensed Activities |
| 5/01/2025 | Senate | Do Pass Licensed Activities; 007-000-000 |
| 5/01/2025 | Senate | Placed on Calendar Order of 2nd Reading May 6, 2025 |
| 5/07/2025 | Senate | Second Reading |
| 5/07/2025 | Senate | Placed on Calendar Order of 3rd Reading May 8, 2025 |
| 5/15/2025 | Senate | Added as Alternate Co-Sponsor Sen. Chris Balkema |
| 5/20/2025 | Senate | Placed on Calendar Order of 3rd Reading ** |
| 5/22/2025 | Senate | Third Reading - Passed; 058-000-000 |
| 5/22/2025 | House | Passed Both Houses |
| 6/20/2025 | House | Sent to the Governor |
| 8/15/2025 | House | Governor Approved |
| 8/15/2025 | House | Effective Date January 1, 2026 |
| 8/15/2025 | House | Public Act . . . . . . . . . 104-0228 |