LEGISLATIVE SERVICES AGENCY
OFFICE OF FISCAL AND MANAGEMENT ANALYSIS
FISCAL IMPACT STATEMENT
LS 6690 NOTE PREPARED: Dec 17, 2024
BILL NUMBER: HB 1143 BILL AMENDED:
SUBJECT: Licensure of Accountants.
FIRST AUTHOR: Rep. VanNatter BILL STATUS: As Introduced
FIRST SPONSOR:
FUNDS AFFECTED:XGENERAL IMPACT: State
DEDICATED
FEDERAL
Summary of Legislation: The bill revises the education and experience requirements for licensure as a
certified public accountant. It repeals language allowing various substitutions for licensure requirements.
Effective Date: January 1, 2027.
Explanation of State Expenditures: The Professional Licensing Agency (PLA) would likely need to update
the accounting section of their website based on the bill’s changes. Also, the PLA’s licensing database and
application form may need to be modified to comply with the bill. It is likely these changes would require
minimal additional workload and expenditures.
Additional Information– There were about 740 initial accountant licenses issued during FY 2023 and FY
2024.
Explanation of State Revenues: The bill has the potential to widen the number of new applicants in future
years. Any increase in licensing revenue resulting from the bill is indeterminable, but likely minimal.
Additional Information– Newly issued accounting licenses brought in approximately $43,000 in fee revenue
during the FY 2023 and FY 2024 biennium. The license fee for initial licenses in FY 2023 was $35 (due to
being in the third and final year of the licensing cycle). In FY 2024 the fee was $85 (due to the licensing
cycle being in the first year of the current licensing cycle.)
Explanation of Local Expenditures:
Explanation of Local Revenues:
State Agencies Affected: Professional Licensing Agency.
Local Agencies Affected:
HB 1143 1 Information Sources: Professional Licensing Agency, FY 2023 and FY 2024 license counts.
Fiscal Analyst: Chris Baker, 317-232-9851.
HB 1143 2