Minnesota SF5205: Eligibility requirements modification for certain certified public accountants and firms

What the bill says

A bill for an act relating to state government; modifying eligibility requirements for certain certified public accountants and firms; amending Minnesota Statutes 2024, section 326A.05, subdivisions 1, 7; Minnesota Statutes 2025 Supplement, section 326A.14, subdivision 1, by adding a subdivision.

From the introduced text, April 22, 2026:

A bill for an act relating to state government; modifying eligibility requirements for certain certified public accountants and firms; amending Minnesota Statutes 2024, section 326A.05, subdivisions 1, 7; Minnesota Statutes 2025 Supplement, section 326A.14, subdivision 1, by adding a subdivision. Section 1. Minnesota Statutes 2024, section 326A.05, subdivision 1, is amended to read: Subdivision 1. General. The board shall grant or renew permits to practice as a CPA firm to entities that make application and demonstrate their qualifications in accordance with this section. (a) The following must hold a permit issued under this section: (1) any firm with an office in this state performing attest services as defined in section 326A.01, subdivision 2; (2) to the extent required by section 326A.10, paragraph (k), any firm with an office in this state performing compilation services as defined in section 326A.01, subdivision 6; (3) any firm with an office in this state that uses the title "CPA" or "CPA firm"; or (4) any firm that does not have an office in this statenew text begin [ADDED: and does not qualify for interstate mobility under section 326A.14] new text end but performs attest services as described in section 326A.01, subdivision 2, clause (1), (4), or (5), for a client having its headquarters in this state. (b) A firm possessing a valid permit from …

Read the full official text

Sponsors

• Jordan Rasmusson (R) · primary sponsor

Latest actions

1. April 23, 2026: Referred to State and Local Government
2. April 23, 2026: Introduction and first reading

Common questions

What is SF5205?

SF5205 is a bill in the Minnesota Legislature (94th Legislature 2025-2026): Eligibility requirements modification for certain certified public accountants and firms.

What does SF5205 do?

In its own words: A bill for an act relating to state government; modifying eligibility requirements for certain certified public accountants and firms; amending Minnesota Statutes 2024, section 326A.05, subdivisions 1, 7; Minnesota Statutes 2025 Supplement, section 326A.14, subdivision 1, by adding a subdivision.

What is the status of SF5205?

In committee as of April 23, 2026. Latest action: Referred to State and Local Government (April 23, 2026).

Who sponsored SF5205?

Jordan Rasmusson (R).

Where is the official record for SF5205?

On the Minnesota Legislature website: https://www.revisor.mn.gov/bills/bill.php?f=SF5205&y=2025&ssn=0&b=senate