Fiscal taxpayer's reporting period

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.