S.D. Admin. R. 20:18:17:28.01
Current through Register Vol. 50, page 159, June 17, 2024
When a retail licensee pays a jackpot exceeding $1,199.99, it must complete the form W-2G furnished by the United States Internal Revenue Service. A copy of this form must be maintained by the retail licensee. If the patron who won the jackpot refuses to provide the information necessary to complete the form, the licensee must withhold the sum required by the IRS.
S.D. Admin. R. 20:18:17:28.01
General Authority: SDCL 42-7B-7.
Law Implemented: SDCL 42-7B-1, 42-7B-2, 42-7B-2.1, 42-7B-3, 42-7B-4, 42-7B-7, 42-7B-14, 42-7B-17, 42-7B-43.