In the first few weeks of the 2000 Legislative Session, the FICPA is poised to pass one of the first bills of the new millennium. HB 405 was passed by the House of Representatives today. The bill effects changes in three areas of Chapter 473. The bill extends the work experience alternative to Oct. 1, 2005, establishes a simple majority ownership of a CPA firm at 51 percent, and prohibits individuals from using the "CPA" designation unless they hold an active license in the state of Florida.

Rep. Jeff Miller, R-Milton, who is in his second session of his first term in office, says he supported the bill because it was an initiative strongly supported by Florida's CPAs. Miller added, "I think the fact that this bill was passed through its third and final reading in only the second week of Session speaks well of the legislation."

As a licensed realtor in Florida, Miller understands the importance of licensure and state regulation. Miller says he believes HB 405 helps to protect consumers. "When the consumer sees the CPA designation, they know that this individual is licensed and has gone through the necessary training and education."

The legislation in the Senate is sponsored by Sen. Donald Sullivan, R-St. Petersburg. The bill is scheduled to be heard on the Senate floor on Tuesday, March 21.