S.D. Admin. R. 47:06:02:06

Current through Register Vol. 51, page 71, January 6, 2025

Section 47:06:02:06 - Payment in kind

Board, lodging, or payment in kind received by an employee in addition to or in lieu of cash wages is taxable and shall be reported by the employer at the prevailing wage rate for the type of work performed in that area by the employee.

Where a cash value for board and lodging furnished an employee is agreed upon in a contract for hire, the amount agreed upon shall be the value of the board and lodging, if it is more than the prevailing wage rate.

S.D. Admin. R. 47:06:02:06

SL 1975, ch 16, § 1; 7 SDR 56, effective 12/15/1980; 9 SDR 81, 9 SDR 124, effective 7/1/1983.

General Authority: SDCL 61-1-1(9), 61-3-2.

Law Implemented: SDCL 61-3-2.