- 2021 -
Texas Legislative Session
2021 Legislative Agenda
Sales Tax on Professional Services
TXCPA opposes a sales tax on professional services. Such a tax would be extremely difficult to administer and implement and will not raise any significant amount of money to offset any budget deficits
Fingerprinting Extension for CPA License Renewals
(SB 297) and (HB2023) The State Board of Accountancy Sunset legislation from 2019 required CPA licensees to submit fingerprints (one-time) when they renew their licenses. The COVID pandemic has made it difficult for Board and licensees to meet the Aug. 31, 2021 fingerprinting deadline. TXCPA is supporting SB 297 (Senator Perry) to extend the statutory deadline to submit fingerprints while also making sure that licenses continue to be renewed and not suspended during the pandemic.
Civil Liability Reform
The COVID-19 pandemic has placed many businesses and employees in untenable positions regarding employees returning to work in an office environment. TXCPA will monitor all legislation relating to COVID civil liability reform and be part of the discussion among employers, business/trade associations, employees and others to craft a fair approach and solution to the issue.
Proper Regulatory Oversight of Accounting Profession
TXCPA will support legislation that protects the accounting profession from deregulation efforts that lessen CPA requirements, open up the profession to unlicensed persons, or lessen the regulatory oversight of the Texas State Board of Public Accountancy.
TXCPA will work to ensure that any tax legislation, whether general tax reform, tax increases, or COVID-19 specific reforms, adequately address issues and concerns that are vital to the accounting profession. Any changes to tax rates, filing deadlines, and any imposition of new taxes should properly address business and accounting professional concerns.
+ Texas Special Session Agenda (7-7-21)
+ Here We Go Again - Special Legislative Session #1 (7-2-21)
+ Guidance: Franchise Tax & PPP Loan Forgiveness (5-21-21)
+ SB 297 (Sen. Perry/Rep. Button) – The CPA licensee fingerprinting deadline extension is one its way to Governor Greg Abbott after passage by the Texas House on May 18.
+ Texas will gain two seats in Congress (4-26-21)
+ CPA Licensure Threat Stalls in West Virginia (4-16-21)
+ Issue #9 - Last Week in the Legislature - Off to the Races - The TXCPA legislative agenda made significant progress this week. (3-19-21)
+ House Speaker Appoints New Chairs on Key Committees (2-4-21)
Texas House Committee Appointments: By Member | By Committee (2-4-21)
+ Abbott Unveils Priority Items (2-2-21)
+ Issue #2 - Last Week in the Legislature (1-28-21)
+ Rep. Charlie Geren and Senator Kelly Hancock have both filed legislation which provides that total revenue under the franchise tax will not include any amount of loan forgiven under the federal Paycheck Protection Program (PPP). HB 1195 | SB No. 372 (1-22-21)
+ Issue #1 - Last Week in the Legislature (1-21-21)
+ Houston Area Reps Discuss Priorities (1-19-21)
+ Senate Committee Appointments Announced (1-15-21)
+ Senate has adopted new rules. The biggest change in the rules from last session is that it only now takes 18 votes (as opposed to 19 last session) to bring a bill to the floor for debate. A few sessions ago the number was 21, but has now dropped in the last several sessions to mirror the number of Republican senators. (1-15-21)
+ Rep. Dade Phelan elected House Speaker (1-12-21)
+ 6 Bills to Watch (1-12-21)
Today's CPA Capitol Interest Column
+ Off and Running (March/April 2021)
+ On Your Mark, Get Set, Go??
Texas Members of Congress In Need of a Key Person:
Rep. Tony Gonzales (R-23) San Antonio
Rep. Ronny Jackson (R-13) Amarillo