§ 10-504. Changing accounting period

Latest version.

(a) In general. -- A person may change the accounting period used to compute Maryland taxable income to any other period that the Comptroller approves.

(b) Short-period return required. -- 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.

HISTORY: An. Code 1957, art. 81, § 284; 1988, ch. 2, § 1.

                    
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