<Li> 3rd quarter: 1 April 2018--30 June 2018 </Li> <Li> 4th quarter: 1 July 2018--30 September 2018 </Li> <P> State governments set their own fiscal year . It may or may not align with the federal calendar . For example, in the state of California, the fiscal year runs from 1 July to 30 June each year . </P> <P> The tax year for a business is governed by the fiscal year it chooses . A business may choose any consistent fiscal year that it wants; however, for seasonal businesses such as farming and retail, a good account practice is to end the fiscal year shortly after the highest revenue time of year . Consequently, most large agriculture companies end their fiscal years after the harvest season, and most retailers end their fiscal years shortly after the Christmas shopping season . </P>

What is the state of california fiscal year