CHAPTER 11. TAXATION.

§11-13-9. Tax year.

(a) Taxable year. -- For purposes of the tax imposed by this article, a taxpayer's taxable year shall be the same as the taxpayer's taxable year for federal income tax purposes.

(b) Method of accounting. -- A taxpayer's method of accounting under this article shall be the same as the taxpayer's method of accounting for federal income tax purposes. In the absence of any method of accounting for federal income tax purposes, the tax under this article shall be computed under such method that in the opinion of the Tax Commissioner clearly reflects such income.

(c) Adjustments. -- In computing a taxpayer's liability for tax for any taxable year under a method of accounting different from the method under which the taxpayer's liability for tax under this article for the previous year was computed, there shall be taken into account those adjustments which are determined, under regulations prescribed by the Tax Commissioner, to be necessary solely by reason of the change in order to prevent amounts from being duplicated or omitted.

Bills Affecting §11-13-9

2002 2X: SB2007
2002 2X: SB2007
2003 Regular Session: HB3157
2004 Regular Session: HB3157
2004 Regular Session: HB4047
2004 Regular Session: SB23
2004 Regular Session: SB23
2004 Regular Session: SB194
2004 Regular Session: SB594
2005 1X: HB103
2005 1X: SB1004
2005 Regular Session: HB2445
2005 Regular Session: HB2540
2005 Regular Session: HB2999
2005 Regular Session: HB3231
2005 Regular Session: SB167
2005 Regular Session: SB167
2005 Regular Session: SB188
2005 Regular Session: SB724
2006 Regular Session: HB2445
2006 Regular Session: HB2540
2006 Regular Session: HB3231
2006 Regular Session: HB4566
2006 Regular Session: SB17
2006 Regular Session: SB117
2006 Regular Session: SB117
2006 Regular Session: SB520
2007 Regular Session: HB3100
2007 Regular Session: HB3145
2007 Regular Session: SB455
2007 Regular Session: SB455
2007 Regular Session: SB714
2007 Regular Session: SB752
2008 Regular Session: SB117
2008 Regular Session: SB117
2008 Regular Session: SB680
2009 Regular Session: HB3179
2009 Regular Session: SB371
2009 Regular Session: SB610
2009 Regular Session: SB696
2009 Regular Session: SB727
2009 Regular Session: SB728
2009 Regular Session: SB755
2010 Regular Session: HB4183
2010 Regular Session: HB4315
2010 Regular Session: HB4535
2010 Regular Session: SB345
2010 Regular Session: SB441
2010 Regular Session: SB602
2011 Regular Session: SB518
2012 Regular Session: HB4088
2012 Regular Session: HB4088
2012 Regular Session: SB208
2012 Regular Session: SB208
2012 Regular Session: SB419
2013 Regular Session: HB3097
2014 Regular Session: HB3097
2015 Regular Session: HB2206
2015 Regular Session: SB245
2016 Regular Session: HB2206
2018 Regular Session: HB4205
2018 Regular Session: SB289
2019 Regular Session: HB2726
2019 Regular Session: SB52
2021 Regular Session: HB2760
2021 Regular Session: SB447