Section 45 IAC 2.2-6-3 - Fiscal taxpayer's reporting periodAuthority: IC 6-8.1-3-3
Affected: IC 6-2.5
Sec. 3.
(a) A taxpayer may report and pay his state gross retail and use taxes over his fiscal period that corresponds to the calendar period he is permitted to use under Indiana Code 6-2.5-6-1(c) if: (1) The taxpayer reports his gross income tax or the tax he pays in place of the gross income tax, over a fiscal year or fiscal quarter not corresponding to the calendar year or calendar quarter; and(2) The Department has not required the taxpayer to stop using the fiscal reporting period.(b) Definition: Fiscal year. A fiscal year, is a period of twelve months ending on the last day of a month other than December. It is thus distinguished from a calendar year, ending always on December 31.Department of State Revenue; Ch. 6, Reg. 6-2.5-6-1 c (010); filed Dec 1, 1982, 10:35 am: 6 IR 61