HB 1330: A New Chapter for Aspiring CPAs in Tennessee
In a continued response to industry concerns regarding the accessibility of CPA licensure, the Tennessee House of Representatives has passed HB 1330, a widely anticipated update to legislature that adds a new pathway to becoming a certified public accountant in Tennessee.
Under this new legislation, prospective CPAs are now offered the option to complete a bachelor’s degree with a minimum of 120 hours of college education plus an additional two years of accounting work experience as opposed to the previously exclusive option of completing a bachelor’s or master’s degree with a minimum of 150 hours of college education plus one year of relevant accounting coursework. In addition to the changes in education requirements, HB 1330 will also allow current and future CPAs without a principal place of business in the state the ability to practice in Tennessee so long as they hold a valid CPA license in good standing for another state or have shown evidence of having passed the CPA exam.
Heavily backed by the TSCPA, this new legislature aims to create additional, more flexible, streamlined pathways to Tennessee licensure to those with interest in practicing in the state.