MD SB148

Creates emeritus status for retired certified public accountants in Maryland, allowing them to retain the title "CPA Emeritus" without maintaining an active license

Eligibility requires either: (1) at least 20 years of practice in Maryland and being at least 60 years old, or (2) at least 40 years of experience as a CPA, along with having no pending investigations or disciplinary actions

CPAs on emeritus status are exempt from continuing education requirements and reinstatement fees

Emeritus CPAs are prohibited from practicing public accountancy, signing or certifying financial statements, tax returns, or audit reports, and providing attestation services

The Board must review emeritus applications within 60 days and issue a certificate of emeritus status upon approval; effective July 1, 2025