3126 ARTICLE 81

accrual and for the same calendar or fiscal year as in such Federal income
tax return.

(d) If the taxpayer does not file a Federal income tax return, he may,
with the approval of the Comptroller, change his accounting period from
a fiscal year to a calendar year, from calendar to fiscal year, or from one
fiscal year to another, and his income shall thereafter be computed on the
basis of such new accounting period.

(e) If the period of computing income is changed from fiscal year to
calendar year, a separate return shall be filed for the perio'd between the
close of the last fiscal year for which return was filed and the following
December 31st. If the change is made from calendar year to fiscal year,
a separate return shall be filed for the period between the close of the last
calendar year for which return was filed and the first succeeding date
designated as the close of the fiscal year. If the change is made from one
fiscal year to another fiscal year, a separate return shall be filed for the
period between the close of the former fiscal year and the first succeeding
date designated as the close of the new fiscal year.

1939, ch. 277, sec. 220.

227. (Net Income.) Net income means the gross income of a tax-
payer as defined in Section 223 hereof, less the deductions allowed by
Section 224 hereof (as limited by Section 225 hereof).

1939, ch. 277, sec. 221.

228. (Personal Exemptions.) The following personal exemptions
shall be allowed to individuals.

(a) In the case of a single person, or a married person not living with
husband or wife, one thousand dollars ($1,000) ; in the case of the head
of a family or a married person living with husband or wife, two thousand
dollars ($2,000). A husband and wife living together shall together be
entitled to but one exemption of two thousand dollars ($2,000) ; if such
husband and wife file separate returns the exemption may be taken by
either or divided between them in any proportion.

(b) Four hundred dollars ($400) for each person (other than husband
or wife) dependent upon and receiving his chief support from the tax-
payer if such dependent person is under eighteen years of age or is in-
capable of self-support because mentally or physically defective.

(c) If the status of the taxpayer changes or if the taxpayer dies, during
the taxable year, the amounts allowable under (a) and (b) hereof shall
be apportioned in accordance with the number of months before and after
such change or death.

(d) In the case of a fiduciary, two hundred dollars ($200).

(e) If a return is filed for a period of less than one year, the amounts
allowable under (a) and (b) or (d) hereof shall be apportioned in ac-
cordance with the number of months included in the period for which the
return is filed.

(f) If an individual resident of this State receives credits for income
taxes paid to other States, under the provisions of Section 231 hereof, the
amounts allowable under (a) and (b) or (d) hereof shall be reduced by
such proportion thereof as that portion of the net income of such taxpayer
which is lawfully subject to taxation in such other States, bears to his total
net income. An individual, not a resident of this State, who receives