§ 10–502
Statutes in effect as of October 1, 2026.
Md. Code Ann., Tax-Gen. § 10-502 (2026)
Title 10. Income Tax
Subtitle 5. Accounting Period
§ 10–502LinkCopy Citation
(a)
If a person does not file a federal income tax return, the person shall compute Maryland taxable income in accordance with the cash or accrual accounting method that:
(1)
the person uses to compute income regularly in keeping the person’s books; or
(2)
the Comptroller requires to reflect clearly the person’s income.
(b)
If a person does not file a federal income tax return, the person shall compute Maryland taxable income:
(1)
for the calendar year; or
(2)
if the person keeps adequate records for an annual fiscal year accounting period, for the fiscal year.