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Bill

SB 51

Accountants - Licensed Out-of-State Practice Privileges - Qualifications

2025 Regular Session Introduced by Arthur Ellis

Maryland allows out-of-state licensed accountants to practice in-state without Maryland licensure if they meet reciprocity qualifications, reducing professional barriers.

Approved by the Governor - Chapter 406
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Bill Summary · SB 51

Legislative bill overview

SB 51 allows licensed accountants from other states to practice in Maryland without obtaining a Maryland license, provided they meet specified qualifications and reciprocity requirements. The bill establishes criteria for out-of-state accountant credentials to be recognized for temporary or permanent practice privileges in the state.

Why is this important

This legislation affects both the accounting profession and businesses seeking financial services by reducing licensing barriers and potentially lowering costs for companies using out-of-state accounting firms. It also impacts Maryland's competitiveness in attracting professional service providers and may influence job creation within the accounting sector.

Potential points of contention

  • Consumer protection concerns: Out-of-state accountants may have different regulatory oversight and disciplinary standards than Maryland-licensed accountants, potentially creating gaps in consumer recourse
  • Professional reciprocity equity: Maryland accountants seeking to practice in other states may not receive equivalent privileges, creating asymmetrical professional advantages
  • Local market competition: Reducing licensing requirements could intensify competition for Maryland accountants and potentially suppress wages or reduce local firm viability

Compiled from official sources — confirm details with the bill’s official record.

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