requirements to become a CPA. In 2019, the Society worked with the State Board to draft and support passage of legislation that allows Nebraska CPA firms to create Employee Stock Ownership Plans (ESOPs). Thanks to another joint legislative effort by the Society and State Board, as of Jan. 1, 2025, Nebraska CPA candidates are now able to sit for the Uniform CPA Examination after completing 120 semester hours (or 180 quarter hours) of qualifying college credit and a bachelor’s degree. In addition, the Society successfully achieved an exemption from inclusion in Nebraska’s occupational licensing legislation in 2024 and we continue to oppose efforts that would extend Nebraska’s sales tax on professional services. In 2025, the Society and State Board formed a joint CPA Licensure Task Force to evaluate another CPA licensure pathway, with a shift to an individual-based practice mobility model. On the national scene, the Society monitors events in Washington, D.C., and speaks on behalf of Nebraska CPAs in dealing with the state’s congressional delegation. KEY CONTACT PROGRAM The Society involves CPAs at the grassroots level through its Key Contact Program; these individuals assist in communicating the Society’s positions on legislative issues to their state senators and the Nebraska congressional delegation when needed. The Society also works with the American Institute of Certified Public Accountants (AICPA) to strengthen the profession’s voice both in Lincoln and in Washington. In addition, the Society works closely with state and federal governmental agencies, including the Nebraska Department of Revenue and the Internal Revenue Service, which have operations that directly affect Nebraska CPAs. The Society also maintains contact with other statewide trade associations on issues of common interest. Supporting the Political Process FINANCING CAMPAIGNS Through the Society’s Political Education Committee (PEC), established in 1982, Nebraska CPAs may make political contributions to help finance the campaigns of candidates seeking elective office at the state level. The Society’s political action efforts represent a key element in the Society’s overall government relations program. Our system of government depends on the willingness of individuals to seek elected positions without fear of personal financial sacrifice. The Society’s PEC provides CPAs with an opportunity to support candidates who understand the needs and concerns of CPAs and to hold candidates accountable for their actions as legislators. CPE CATALOG AND MEMBER GUIDE 39 Society Overview
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