1. (a) A person may change the accounting period used to compute Maryland taxable income to any other period that the Comptroller approves.
2. (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.

Added by Acts 1988, c. 2, § 1, eff. Jan. 1, 1989.

Formerly Art. 81, § 284.