The assessment of taxes herein made and the returns required therefor shall be for the year ending on December 31. If the taxpayer, in exercising a privilege taxable under this subchapter, keeps the books reflecting the same on a basis other than such year, he or she may, with the assent of the City Treasurer, make his or her annual returns and pay taxes for the year covering his or her accounting period, as shown by the method of keeping his or her books.
(Prior Code, § 711.24)