(1) Persons wishing to practice public accounting in Montana pursuant to a special practice permit, as authorized by 37-50-323 , MCA, must apply to the board and pay the appropriate fee.

(2) For the purposes of determining whether a certified public accountant is licensed in a jurisdiction that has licensing standards that are substantially equivalent to Montana's standards, the board has determined that the following jurisdictions are "substantially equivalent":

(a) the District of Columbia;

(b) Guam; and

(c) all of the states in the United States of America, except:

(i) Colorado;

(ii) Delaware;

(iii) Florida;

(iv) New Hampshire; and

(v) Vermont.