Texas Governor Rick Perry has signed H.B. 2144, which eases restrictions on interstate CPA practices.
The legislation allows CPAs with qualifications that are substantially equivalent to those in Texas to practice in the state without notice or license for all other services.
However, out-of-state CPA firms will still be required to have a Texas license to perform audits on Texas companies.
The bill, which carried the support of the 27,000-member Texas Society of CPAs, passed the Texas Legislature in May.
With the signing, Texas becomes the seventh state to allow interstate mobility joining Ohio, Indiana, Wisconsin, Missouri, Virginia and Tennessee.
For the full text of the bill go to:
http://www.capitol.state.tx.us/tlodocs/80R/billtext/doc/HB02144F.doc.
