12 AAC 04.430. Inactive permits

(a) To register as inactive under AS 08.04.410 or to renew an inactive permit, the holder of a certificate or license must

(1) apply on a form provided by the department; and

(2) pay the fee set out in 12 AAC 02.340(5) .

(b) To resume the active practice of public accounting, an individual with inactive status must reactivate the individual's permit by

(1) applying on a form provided by the department;

(2) paying the fee set out in

(A) 12 AAC 02.340(4) , if the individual holds a certificate; or

(B) 12 AAC 02.340(6) , if the individual holds a license; and

(3) documenting completion of 120 hours of approved continuing education, in accordance with 12 AAC 04.310 - 12 AAC 04.410, during the 36 months immediately before the date of the application.

(c) The hours of continuing education required in (b) of this section do not satisfy the continuing education requirement for a subsequent renewal of the reactivated permit.

(d) Notwithstanding 12 AAC 04.300, a certificate holder whose permit has been reactivated under this section shall complete at least

(1) 10 hours of approved continuing education for each full calendar quarter between the date that the permit was reactivated and the next renewal date; or

(2) repealed 7/25/2001;

(3) 80 hours of approved continuing education between the date that the permit was reactivated and the next renewal date.

History: Eff. 1/18/78, Register 64; am 8/14/87, Register 103; am 4/7/95, Register 134; am 7/25/2001, Register 159

Authority: AS 08.04.070

AS 08.04.425

Editor's note: As of Register 168, January 2004, the regulations attorney made a revision to (b)(3).

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