I did read the law on this, out of state licenses are NOT granted the same privileges in this case.
"Licensed by the state..." has NOT been defined. While a plain-text reading would indicate the license must be ISSUED by the state you're in, it makes no leeway for states that either don't require licenses (AZ, VT, others) or accept as valid (as "licensed by the state") via reciprocity licenses from other states.
In other words, there's a reading that allows for "if the behavior of the person is licensed by the state, e.g. via reciprocity or local license" that's never been tested in the courts but is absolutely a valid construct under current judicial views on reciprocity in general.