Maine Revised Statutes Title 36 Sec. 5258 – Adjustments
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Terms Used In Maine Revised Statutes Title 36 Sec. 5258
- Taxpayer: means any person required to file a return under this Title or to pay, withhold and pay over or collect and pay over any tax imposed by this Title. See Maine Revised Statutes Title 36 Sec. 111
- Year: means a calendar year, unless otherwise expressed. See Maine Revised Statutes Title 1 Sec. 72
In computing a taxpayer‘s taxable income for any taxable year under a method of accounting different from the method under which the taxpayer’s taxable income for the previous year was computed, there shall be taken into account those adjustments which are determined, under regulations prescribed by the assessor, to be necessary solely by reason of the change in order to prevent amounts from being duplicated or omitted. [P&SL 1969, c. 154, §F1 (NEW).]
SECTION HISTORY
P&SL 1969, c. 154, §F1 (NEW).