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§ 10-504. Change of accounting period

West's Annotated Code of MarylandTax-General

West's Annotated Code of Maryland
Tax-General (Refs & Annos)
Title 10. Income Tax (Refs & Annos)
Subtitle 5. Accounting Period (Refs & Annos)
MD Code, Tax - General, § 10-504
§ 10-504. Change of accounting period
Currentness
In general
(a) A person may change the accounting period used to compute Maryland taxable income to any other period that the Comptroller approves.
Short-period return required
(b) If a person changes accounting periods, the person shall file a separate return for the period between the close of the previous accounting period and the beginning of the newly adopted accounting period.

Credits

Added by Acts 1988, c. 2, § 1, eff. Jan. 1, 1989.
Formerly Art. 81, § 284.
MD Code, Tax - General, § 10-504, MD TAX GENERAL § 10-504
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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