Bill Text: NY S08522 | 2017-2018 | General Assembly | Amended

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Bill Title: Removes the three-year exemption of mandatory continuing education for newly licensed certified public accountants and public accountants.

Spectrum: Slight Partisan Bill (Republican 2-1)

Status: (Introduced - Dead) 2018-06-20 - SUBSTITUTED BY A10648 [S08522 Detail]

Download: New_York-2017-S08522-Amended.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                         8522--A
                    IN SENATE
                                       May 9, 2018
                                       ___________
        Introduced  by  Sen. HELMING -- read twice and ordered printed, and when
          printed to be committed  to  the  Committee  on  Higher  Education  --
          committee  discharged,  bill amended, ordered reprinted as amended and
          recommitted to said committee
        AN ACT to amend the education law, in relation to  removing  the  three-
          year  exemption  of  mandatory continuing education for newly licensed
          certified public accountants and public accountants
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1. Paragraph b of subdivision 1 of section 7409 of the educa-
     2  tion law, as amended by chapter 651 of the laws of 2008, is  amended  to
     3  read as follows:
     4    b.  [Certified  public  accountants  and  public  accountants shall be
     5  exempt from the  mandatory  continuing  education  requirement  for  the
     6  triennial  registration  period  during which they are first licensed by
     7  the department.] In accordance with the intent of this section,  adjust-
     8  ments  to  the mandatory continuing education requirement may be granted
     9  by the department for reasons of health certified by  a  physician,  for
    10  extended  active  duty  with  armed  forces of the United States, or for
    11  other good cause acceptable to the department which may prevent  compli-
    12  ance.
    13    §  2. This act shall take effect January 1, 2020. Effective immediate-
    14  ly, the addition and/or repeal of any rule or regulation  necessary  for
    15  the  implementation of this act on its effective date are authorized and
    16  directed to be made on or before such effective date.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD15717-03-8