Illinois General Assembly

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 Bill Status of SB2434  99th General Assembly


Short Description:  ACCOUNTANTS-EQUIVALENCY

Senate Sponsors
Sen. Pamela J. Althoff

House Sponsors
(Rep. Robert Rita )

Last Action
DateChamber Action
  1/10/2017SenateSession Sine Die

Statutes Amended In Order of Appearance
225 ILCS 450/0.03from Ch. 111, par. 5500.03
225 ILCS 450/5.2
225 ILCS 450/13from Ch. 111, par. 5514


Synopsis As Introduced
Amends the Illinois Public Accounting Act. Allows a certified public accountant (CPA) firm whose principal place of business is not in this State to have all the privileges of a CPA firm licensed under the Act without the need to obtain a license from the Department of Financial and Professional Regulation or to file notice with the Department if the CPA firm complies with specified substantial equivalency requirements; makes conforming changes. Provides that firms that do not meet the certain requirements but offer or render services in the State must hold a license issued under the Act. Effective immediately.

Actions 
DateChamber Action
  2/9/2016SenateFiled with Secretary by Sen. Pamela J. Althoff
  2/9/2016SenateFirst Reading
  2/9/2016SenateReferred to Assignments
  2/17/2016SenateAssigned to Licensed Activities and Pensions
  3/2/2016SenateDo Pass Licensed Activities and Pensions; 009-000-000
  3/2/2016SenatePlaced on Calendar Order of 2nd Reading March 3, 2016
  3/3/2016SenateSecond Reading
  3/3/2016SenatePlaced on Calendar Order of 3rd Reading March 8, 2016
  4/12/2016SenateThird Reading - Passed; 053-000-000
  4/12/2016HouseArrived in House
  4/15/2016HouseChief House Sponsor Rep. Robert Rita
  4/15/2016HouseFirst Reading
  4/15/2016HouseReferred to Rules Committee
  1/10/2017SenateSession Sine Die

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