Vermont CPA License Reinstatement: What a Lapsed License Costs

Tiered under 3 V.S.A. Sec127(d)(1), which applies to a license that has expired for not more than one biennial period (a longer lapse falls outside this tiered penalty -- confirm the route with the Board): the normal $255 biennial renewal fee plus a reinstatement penalty of $100 flat (if reinstated within 30 days of expiration) or, if later, the renewal fee increased by $40 for each additional month late, capped at $1,500 -- total ranges roughly $355 to $1,755. A licensee may petition for relief from the penalty, which the board may grant only on a finding of exceptional circumstances or extreme hardship; fees are not assessed for any period during which the licensee was a member of the U.S. Armed Forces on active duty.

• Board Rule 9.1(c): the CPE hours required during the lapsed two-year period immediately preceding the reinstatement application (normally 80 hours/2 years) -- the same total as ordinary renewal, not extra hours on top. Within those hours, at least 4 must be in ethics for accountants (9.1(e)) and at least 8 in accounting and auditing (9.1(f)). Hours carried over from a prior biennium cannot be used toward either of those two minimums (9.1(d)).
• 4 ethics hours, within that total.