<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for SB 2434         </title>
<shortdesc>ACCOUNTANTS-EQUIVALENCY</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Pamela J. Althoff</sponsors>
<sponsorhead2>House Sponsors</sponsorhead2><altsponsors>(Rep. Robert Rita)</altsponsors>
</sponsor>
<lastaction>
<statusdate>1/10/2017</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>225 ILCS 450/0.03</reference><aliasreference>from Ch. 111, par. 5500.03</aliasreference><reference>225 ILCS 450/5.2</reference><aliasreference></aliasreference><reference>225 ILCS 450/13</reference><aliasreference>from Ch. 111, par. 5514</aliasreference><SynopsisText>Amends the Illinois Public Accounting Act. Allows a certified public accountant (CPA) firm whose principal place of business is not in this State to have all the privileges of a CPA firm licensed under the Act without the need to obtain a license from the Department of Financial and Professional Regulation or to file notice with the Department if the CPA firm complies with specified substantial equivalency requirements; makes conforming changes. Provides that firms that do not meet the certain requirements but offer or render services in the State must hold a license issued under the Act. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/9/2016</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Pamela J. Althoff</action>
<statusdate>2/9/2016</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/9/2016</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>2/17/2016</statusdate><chamber>Senate</chamber><action>Assigned to Licensed Activities and Pensions</action>
<statusdate>3/2/2016</statusdate><chamber>Senate</chamber><action>Do Pass Licensed Activities and Pensions;  009-000-000</action>
<statusdate>3/2/2016</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 2nd Reading March 3, 2016</action>
<statusdate>3/3/2016</statusdate><chamber>Senate</chamber><action>Second Reading</action>
<statusdate>3/3/2016</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 3rd Reading March 8, 2016</action>
<statusdate>4/12/2016</statusdate><chamber>Senate</chamber><action>Third Reading - Passed; 053-000-000</action>
<statusdate>4/12/2016</statusdate><chamber>House</chamber><action>Arrived in House</action>
<statusdate>4/15/2016</statusdate><chamber>House</chamber><action>Chief House Sponsor Rep. Robert Rita</action>
<statusdate>4/15/2016</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>4/15/2016</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>1/10/2017</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

