An Act To Simplify Maine's Accountancy Laws
Maine Legislature, Session 124, LD 1372
Committee Amendment CA_A_H307 (House)
Amends: 32 MRSA §12231

COMMITTEE AMENDMENT "A" to H.P. 962, L.D. 1372, Bill, "An Act To 
Simplify Maine's Accountancy Laws" 
Amend the bill by striking out all of section 12 and inserting the following: 
'Sec. 12. 32 MRSA §12231 is enacted to read: 
§12231. Application for licensure on the basis of an out-of-state license or certificate 
1. Substantial equivalency. The holder of a license or certificate issued by another 
state who establishes that holder's principal place of business in this State shall request 
the issuance of a license from the board prior to establishing such principal place of 
business. 
The board shall issue a license to a person who obtains from a national 
association of state boards of accountancy verification that the individual's certified 
public accountancy qualifications are substantially equivalent to the certified public 
accountant licensure requirements of the American Institute of Certified Public 
Accountants, National Association of State Boards of Accountancy Uniform 
Accountancy Act. 
2. Nonsubstantial equivalency. For applicants who cannot meet the substantial 
equivalency requirements of subsection 1, the board shall issue a license to an applicant 
who holds a certificate or license as a certified public accountant issued by another state 
and who submits the application required by the board, pays the fee as set under section 
12203 and meets the following requirements: 
A. The applicant meets all current requirements in this State for issuance of a license 
at the time the application is made; 
B. At the time of the issuance of the applicant's certificate in the other state, the 
applicant met all the requirements then applicable in this State; 
C. 
The applicant was eligible to take and passed the examination required for 
issuance of the certificate with grades that would have been passing grades at the 
time in this State; and 
Page I - 124LROSIO(02)-1 
COMMITTEE AMENDMENT 
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COMMITTEE AMENDMENT A 
"to H.P. 962, L.D. 1372 
D. If the applicant is applying for a first-time license more than 4 years after the 
person obtained a certificate in the other state, the applicant: 
(1) Completed 40 hours of continuing professional education that meets the 
requirements of section 12233 during the 12 months preceding application; or 
(2) Has 4 years of experience in the practice of public accountancy, or its 
equivalent, that meets requirements prescribed by the board by rule after passing 
the examination upon which the certificate is based and within the 10 years 
preceding the submission ofthe application.' 
Amend the bill in section 14 in § 12233 in the first paragraph in the 4th line (page 5, 
line 34 in L.D.) by inserting after the following: "renewal" the following: " which may be 
no more than 40 hours and no less than 20 hours annually' 
SUMMARY 
This amendment allows a certified public accountant licensed in another state to be 
licensed in Maine if that person meets certain requirements or can provide verification 
that the person's qualifications are substantially equivalent to specified licensure 
requirements. This amendment also provides that the continuing education requirements 
established by the Board of Accountancy required for license renewal must be no more 
than 40 hours and no less than 20 hours annually. 
FISCAL :'\on: RF.QrJRED 
(See attached) 
COMMITTEE AMENDMENT 
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Approved: 05112/09 
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LD 1372 
LR 510(02) 
An Act To Simplify Maine's Accountancy Laws 
Fiscal Note for Bill as Amended by Committee Amendment ",4, 
Committee: Business, Research and Economic Development 
Fiscal Note Required: Yes 
Fiscal Note 
Minor cost increase - Other Special Revenue Funds 
Fiscal Detail and Notes 
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Additional costs to the Board of Accountancy within the Office of Licensing and Registration, Department of 
Professional and Financial Regulation, associated with rulemaking can be absorbed within existing budgeted 
resources. 
LR051O(02) - Fiscal Note - Page 1 of 1