Skip to main content

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.

Questions? Reach out to webmaster@ctcpas.org and we’ll help you get set up.

Advocacy updates

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.

  • advocacy - state

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.

  • practice management
  • advocacy - state

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.

  • advocacy - state

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.

  • advocacy - state
  • advocacy - federal

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.”

  • advocacy - state

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.

  • technology and cybersecurity
  • advocacy - state
See More State Advocacy News
Advocacy updates

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.

  • state tax
  • advocacy - federal
  • federal tax

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.

  • advocacy - federal
  • federal tax

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.

  • advocacy - federal
  • federal tax

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.

  • advocacy - state
  • advocacy - federal

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.

  • business and industry
  • advocacy - federal
  • federal tax

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.

  • business and industry
  • personal financial planning
  • practice management
  • advocacy - federal
  • federal tax
See More Federal Advocacy News

Not a CTCPA member? Join today to receive even more legislative and regulatory news straight to your inbox. 

Find your legislators in our Advocacy Action Center.

View our Advocacy Toolkit to learn how you can help protect your career, your company, and your clients by getting engaged in the legislative process with these simple steps. 

Help us develop a team of members to work with the CTCPA during the legislative session when issues arise.

We're working hard for you at the State Capitol - but we can't do it alone. We'd like to thank the CTCPA members who've helped us this legislative session, whether they've written testimony, contacted their legislators, or contributed to our advocacy efforts. 

View the Advocacy Hall of Fame