H.B. 429                                                   VETOES

(B) (1) THE BOARD MAY ISSUE A LIMITED PERMIT FOR THE PRACTICE OF
CERTIFIED PUBLIC ACCOUNTANCY ON A SPECIFIC JOB TO A LIMITED LIABILITY
COMPANY IF EACH MEMBER IS LICENSED TO PRACTICE CERTIFIED PUBLIC
ACCOUNTANCY IN THIS OR ANOTHER STATE OR IN A FOREIGN COUNTRY; AND

(2) THE REQUIREMENTS OF SUBSECTION (D) OF THIS SECTION ARE
MET.

[(b)](C) The Board may issue a limited permit for the practice of certified public
accountancy on a specific job to a corporation if:

(1)     each shareholder is licensed to practice certified public accountancy in
this or another state or in a foreign country;

(2)     each shareholder who practices or intends to practice accountancy in
this State is licensed by the Board under § 2-309 or § 2-320 of this title; and

(3)     the requirements of subsection [(c)] (D) of this section are met.

[(c)] (D) In order to qualify for a limited permit under this section a corporation,
LIMITED LIABILITY COMPANY, or partnership shall:"

(1)     not have a place of business in this State;

(2)     submit to the Board an application on the form that the Board provides;
and

(3)     pay to the Board an application fee of $25.

[(d)](E) A limited permit authorizes the partnership, LIMITED LIABILITY
COMPANY, or corporation to conduct a business through which certified public
accountancy is practiced only for the specific job for which it was issued, as set forth by
the Board.

[(e)](F) (1) The Board shall set the term for each limited permit issued under
this section.

(2)     The term for a limited permit may not be set for more than 1 year and
may not exceed the term of a limited license held by a partner, MEMBER, or shareholder
for the job in question.

(3)     A limited permit becomes effective and expires on the dates set by the
Board.                                                                                   

[(f)] (G) Subject to the hearing provisions of § 2-412 of this title, the Board may
deny or revoke a limited permit for any ground as may be applicable under § 2-410 of this
title,

2-602.                                                                           

Except for a licensed certified public accountant who operates a business as a sole
practitioner, a person may not operate a business through which certified public
accountancy is practiced, unless:

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