SB37 Alabama 2013 Session

Summary

Primary Sponsor

Tom Whatley

Republican

Co-Sponsors

Jerry L. FieldingCam Ward

Session

Regular Session 2013

Title

Accountants, CPA's licensed in Alabama prohibited from charging a contigent fee for preparation of financial document used in a claim in a court in Alabama, Class B misdemeanor

Description

This bill would prohibit a licensed accountant or certified public accountant from charging a contingent fee for the preparation of financial documents for a claim filed in a court.

The bill would prescribe Class B misdemeanor punishment for a violation.

Amendment 621 of the Constitution of Alabama of 1901, now appearing as Section 111.05 of the Official Recompilation of the Constitution of Alabama of 1901, as amended, prohibits a general law whose purpose or effect would be to require a new or increased expenditure of local funds from becoming effective with regard to a local governmental entity without enactment by a 2/3 vote unless: it comes within one of a number of specified exceptions; it is approved by the affected entity; or the Legislature appropriates funds, or provides a local source of revenue, to the entity for the purpose.

The purpose or effect of this bill would be to require a new or increased expenditure of local funds within the meaning of the amendment. However, the bill does not require approval of a local governmental entity or enactment by a 2/3 vote to become effective because it comes within one of the specified exceptions contained in the amendment.

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Subjects

Accountancy