LEGISLATIVE SERVICES AGENCY
OFFICE OF FISCAL AND MANAGEMENT ANALYSIS
FISCAL IMPACT STATEMENT
LS 6690 NOTE PREPARED: Jan 27, 2025
BILL NUMBER: HB 1143 BILL AMENDED: Jan 21, 2025
SUBJECT: Accountants; Tax Filing.
FIRST AUTHOR: Rep. VanNatter BILL STATUS: 2
nd
Reading - 1
st
House
FIRST SPONSOR:
FUNDS AFFECTED:XGENERAL IMPACT: State
DEDICATED
FEDERAL
Summary of Legislation: 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: July 1, 2025, January 1, 2027.
Explanation of State Expenditures: 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 $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
HB 1143 1 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