SB 457 - AS INTRODUCED
2000 SESSION
10/01
SENATE BILL 457
AN ACT relative to ownership of certified public accounting firms.
SPONSORS: Sen. Johnson, Dist 3; Sen. D'Allesandro, Dist 20; Rep. Chandler, Carr 1; Rep. Buckley, Hills 44
COMMITTEE: Executive Departments and Administration
This bill changes the ownership requirements for certified public accounting firms.
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Explanation: Matter added to current law appears in bold italics.
Matter removed from current law appears [in brackets and struckthrough.]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
00-2800
10/01
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand
AN ACT relative to ownership of certified public accounting firms.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Firm Permits to Practice; Attest Experience and Peer Review. Amend RSA 309-B:8, III(a) to read as follows:
(a) Notwithstanding any other provision of law, a [2/3] 51 percent majority of the ownership of the firm, in terms of financial interests and voting rights of all partners, officers, shareholders, members or managers, belongs to holders of a certificate who are licensed in some state of the United States and such partners, officers, shareholders, members, or managers, whose principal place of business is in this state, and who perform professional services in this state, hold a valid certificate issued under RSA 309-B:5 or the corresponding provisions of prior law or are public accountants licensed under RSA 309-B:9. Firms may include non-licensee owners but the firm and its ownership shall comply with rules adopted by the board. For firms of public accountants, at least a [2/3] 51 percent majority of the ownership of the firm, in terms of financial interests and voting rights, shall belong to holders of registration under RSA 309-B:9.
2 Effective Date. This act shall take effect 60 days after its passage.