TRENTON, N.J. – The New Jersey Senate has approved legislation sponsored by Senate Republican Leader Anthony M. Bucco that would streamline the licensing process for public accountants and make it easier for qualified professionals to work in the state.
The measure, S-4493, simplifies education and reciprocity requirements for individuals seeking a New Jersey license in public accountancy. Under the bill, applicants could qualify for a license with either a bachelor’s or higher degree or its equivalent, or by completing 150 hours of education — replacing the current mandate that all candidates complete the 150-hour requirement.
Bucco said the change reflects a broader effort to modernize professional licensing standards and remove bureaucratic barriers that discourage skilled workers from coming to or remaining in New Jersey.
“As legislators, we should be doing everything we can to make New Jersey a destination for top-tier professionals,” Bucco said in a statement. “By cutting unnecessary red tape, we’re making it easier for current and aspiring public accountants to practice here without jumping through excessive hoops.”
The legislation also updates the rules for out-of-state applicants by replacing the existing “substantial equivalence” requirement with a simpler “comparable standards” test. Lawmakers said the change would align state licensing with national best practices while maintaining professional standards.
Supporters say the bill will strengthen New Jersey’s workforce and encourage more accountants to pursue careers in the state.