Certified public accountants required education and experience standards modifications and licensed public accountants reciprocity establishment

This bill modifies Minnesota's requirements for becoming a certified public accountant (CPA). Before July 1, 2030, applicants need 150 college credits plus one year of relevant experience; after that date, they must have either a master's degree plus one year experience or a bachelor's degree plus two years experience. It also establishes reciprocity, allowing CPAs licensed in states with equivalent standards to practice in Minnesota without reapplying, provided they hold a valid license, have an accounting degree, and passed the CPA exam. The changes affect new CPAs seeking certification in Minnesota and out-of-state CPAs seeking to practice there. The current rules expire July 1, 2030, with a transition period in place until that date.