HF 1458 Minnesota House · 2025-2026 Regular Session

Standards for required education and experience modified for certified public accountants, and mobility for licensed public accountants established.

HF 1458 modifies Minnesota's requirements for becoming a certified public accountant (CPA). It extends current standards (150 college credits plus one year of relevant work experience) until July 1, 2030, after which new applicants will need either a master's degree plus one year of experience or a bachelor's degree plus two years of experience. The bill also establishes reciprocity, allowing CPAs licensed in other states with comparable requirements to practice in Minnesota without additional exams. This directly affects current and future CPA applicants in Minnesota and out-of-state CPAs seeking to practice in the state.

Bill status in committee 1 of 4 stages cleared

Introduction

Feb 2025

Committee Review

Floor Vote

Governor

Introduced Feb 24, 2025 Last action Mar 24, 2025

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What changed between versions

Introduction → 1st Engrossment · 5 edits · Mar 24, 2025

MODERATE

This bill updates the requirements for becoming a Certified Public Accountant (CPA) in Minnesota, expanding educational options to include bachelor's or graduate degrees and clarifying experience verification. It also shifts the policy focus from 'reciprocity' to 'mobility' to better facilitate out-of-state license transfers and modernizes the repealed rule citation.

Scope change

The bill expands the scope of eligible education paths for CPA certification and changes the statutory title to reflect a broader 'mobility' framework for licensed accountants.

ELIGIBILITY

Updated CPA education requirements to allow candidates with a bachelor's or graduate degree from an accredited institution, whereas the previous version only explicitly listed a master's degree as a primary path.

REQUIREMENT

Added a specific requirement for the board to verify the candidate's certification and compliance with initial certificate requirements.

TIMELINE

Extended the transitional period for new education/experience standards to include the time 'during the transitional period,' rather than starting strictly on July 1, 2030.

DEFINITION

Changed the title of Section 326A.14 from 'Substantial Equivalency; Reciprocity' to 'Substantial Equivalency; Mobility' to reflect updated terminology for out-of-state license recognition.

TECHNICAL

Updated the repealed Minnesota Rule citation from '25-02377' to 'H1458-1' to correct the reference to the bill number.

Floor votes

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Full legislative history

Actions timeline

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Key actions

Committee

Mar 24, 2025

Lower · Passed

Committee report, to adopt as amended and re-refer to Ways and Means

lower

Feb 24, 2025

Introduced

Introduction and first reading, referred to State Government Finance and Policy

lower

1 primary · 7 co-sponsors