LEGISLATIVE SERVICES AGENCY
OFFICE OF FISCAL AND MANAGEMENT ANALYSIS
FISCAL IMPACT STATEMENT
LS 6690 NOTE PREPARED: Jan 21, 2025
BILL NUMBER: HB 1143 BILL AMENDED: Jan 21, 2025
SUBJECT: Licensure of Accountants.
FIRST AUTHOR: Rep. VanNatter BILL STATUS: CR Adopted - 1
st
House
FIRST SPONSOR:
FUNDS AFFECTED:XGENERAL IMPACT: State
DEDICATED
FEDERAL
Summary of Legislation: (Amended) Department of State Revenue– The bill provides that, on or before
January 1, 2027, the Department of State Revenue shall develop a system or protocols to allow a taxpayer
to submit all documentation or information in an electronic format, if the documentation or information is
used to verify information reported on a tax return that is reported in an electronic format.
Accountants– 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: (Revised) July 1, 2025, January 1, 2027.
Explanation of State Expenditures: (Revised) Department of State Revenue– The provision requiring the
Department of State Revenue (DOR) to develop a system or protocols to allow taxpayers to submit certain
documentation and information in an electronic format would increase the workload and expenditures of the
DOR. However, this provision can likely be implemented by the DOR within their existing resource levels.
Accountants– 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
HB 1143 1 $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; Department of State Revenue.
Local Agencies Affected:
Information Sources: Professional Licensing Agency, FY 2023 and FY 2024 license counts.
Fiscal Analyst: Chris Baker, 317-232-9851.
HB 1143 2