Section 10-504 - Changing accounting period.
§ 10-504. Changing accounting period.
(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.
[An. Code 1957, art. 81, § 284; 1988, ch. 2, § 1.]