Advocacy Updates

2025 Legislative Initiatives
Advocacy continues to be rated as a top benefit for CTCPA members, and we're working hard for you at the state Capitol and beyond. Here are this legislative session's top initiatives:
DRS Grants All Three of CTCPA’s Requested Filing Extensions
The Department of Revenue Services (DRS) has updated their notice to now include extensions, as we had initially requested.
The deadline has now been extended to April 15, 2025 for all three forms:
- Form CT-PET, Connecticut Pass-Through Entity Tax Return
- Form CT-1065/CT-1120SI, Connecticut Composite Income Tax Return
- Form CT-PET EXT, Application for Extension of Time
Reducing CPA Licensing Fee to $100
We urgently need your help reducing Connecticut's CPA licensure fees. Currently set at $565 annually, these fees are nearly five times higher than the national average of $100 and substantially higher than any other state in the Northeast.
The General Law Committee has shown support for lowering CPA licensing fees (Senate Bill 611). However, Governor Lamont has NOT included CPAs, who pay a license fee nearly five times higher than the national average, in his proposal to eliminate licensure fees for certain professions, such as teachers and nurses.
Adding Additional CPA Licensure Pathways, Automatic Mobility
We are advocating for Connecticut to adopt three flexible pathways to CPA licensure, expanding access to the profession while ensuring continued integrity of the credential. We are also pursuing an automatic or enhanced mobility model to grant CPAs licensed in other states the privilege to practice here without administrative hurdles.
The proposals were released as Raised Bill 7020, An Act Concerning Certified Public Accountants, and heard before the General Law Committee on February 26.
FinCEN Removes Beneficial Ownership Reporting Requirements for U.S. Companies and U.S. Persons, Sets New Deadlines for Foreign Companies
Consistent with the U.S. Department of the Treasury’s March 2, 2025 announcement, the Financial Crimes Enforcement Network (FinCEN) is issuing an interim final rule that removes the requirement for U.S. companies and U.S. persons to report beneficial ownership information (BOI) to FinCEN under the Corporate Transparency Act.
Join Our CTCPA Connect Tax Groups to Discuss Issues in Real Time
To get the latest and instantly discuss issues with fellow practitioners this tax season, join those groups.
- Join the CTCPA State Tax Group >>
- Join the CTCPA Federal Tax Group >>
- CTCPA Connect Quick-Start Guide >>
Questions? Reach out to webmaster@ctcpas.org and we’ll help you get set up.
Connecticut Legislative News
Pay Disclosure Bill Passes Committee
March 19, 2025
Job seekers may get a little help determining which openings to apply to under a proposed bill that would require employers to disclose salary ranges for job openings upon request.
State Board of Accountancy Issues Clarification on Attestation Work Advertising, Peer Review Enrollment
March 19, 2025
At the March State Board of Accountancy meeting, the issue of advertising attestation services and peer review enrollment was addressed. Previously, the Department of Consumer Protection (DCP) prohibited CPAs from advertising attestation work unless they were enrolled in the peer review program.
Lamont’s budget for CT is $230 million short
March 18, 2025
Employee health care costs would push governor’s plan more than $100 million over the spending cap next fiscal year.
Will federal budget cuts sink CT tax break for families?
March 13, 2025
Advocates say tax relief is needed more than ever as Washington shrinks programs.
General Law Committee Discusses Consumer Protection Legislation
March 12, 2025
The General Law Committee held a public hearing Wednesday to discuss various bills, including Senate Bill 3, “An Act Concerning Consumer Protection and Safety.”
AI In The Workplace, Algorithms At Rideshare Companies Seen Reshaping Jobs And Wages In Connecticut
March 11, 2025
As artificial intelligence increasingly shapes hiring, workplace surveillance, and wages, Connecticut lawmakers are debating whether to impose new safeguards. AI-driven systems are already determining pay rates, particularly in gig-economy jobs like those with Uber and Lyft, in which algorithms set fares and driver earnings without transparency.
Federal Legislative News
7,000 IRS workers ‘reinstated’ — but not yet returning to work
March 19, 2025
The federal government will pay about 7,000 IRS probationary employees, who were laid off less than a month ago, not to work while lawsuits over layoffs wind their way through the court system, the agency said Tuesday in an email.
Higher threshold for Form 1099-K reporting among AICPA priorities
March 18, 2025
The AICPA's 2025 tax priorities include increasing the reporting threshold for Form 1099-K to $10,000 from the $600 that would go into effect next year, according to a letter Monday to congressional finance leaders.
IRS approaching major layoffs, cuts as tax season heats up
March 17, 2025
Between multiple waves of layoffs and legislative efforts to pull back more than $20 billion in funding, the gradual declawing of the Internal Revenue Service is well underway.
Will federal budget cuts sink CT tax break for families?
March 13, 2025
Advocates say tax relief is needed more than ever as Washington shrinks programs.
Lawmakers reintroduce R&D expensing bill
March 12, 2025
A bipartisan group of lawmakers has reintroduced legislation to allow immediate expensing of research and development costs, all the way back to 2022 when the tax break expired.
With Trump tax cuts set to expire, tax pros tell businesses not to wait to develop a succession plan
March 10, 2025
There are many reasons for a business owner to develop a succession plan. It can ensure continuity and minimize disruptions, especially in the face of an unexpected death. It also can help prepare employees for future leadership roles.

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