BILL ANALYSIS
By: Gallegos
Licensing & Administrative Procedures
BACKGROUND AND PURPOSE
Currently, certified accountants employed by the federal and state government receive a license fee exemption, which exempts them from an annual $200 professional fee.
S.B. 918 amends the existing exemption to allow a municipality's or county's certified accountant, who is restricted by the contractual obligations of county employment, the same exemption from the licensing fee.
RULEMAKING AUTHORITY
SECTION BY SECTION ANALYSIS
SECTION 1. Amends Section 901.410, Occupations Code, as follows:
Sec. 901.410. FEE EXEMPTION FOR CERTAIN LICENSE HOLDERS. Provides that the fee increase imposed under Section 901.406, Occupations Code, and the additional fee imposed under Section 901.407, Occupations Code, do not apply to a license holder who is an employee of a municipal or county government restricted by virtue of that employment from engaging in the practice of public accountancy outside the scope of employment.
SECTION 2. Makes application of this Act prospective.
SECTION 3. Effective date: Immediately, or, if the Act does not receive the necessary vote, the Act takes effect September 1, 2005.
EFFECTIVE DATE
Immediately, or, if the Act does not receive the necessary vote, the Act takes effect September 1, 2005.