S.D. Admin. R. 64:01:01:22

Current through Register Vol. 51, page 57, November 12, 2024

Section 64:01:01:22 - Use of fedwire in emergencies

Taxpayers who remit tax payments by ETP may use the fedwire method of payment in emergencies. Only the following situations constitute an emergency for the purposes of this section:

(1) A death in the taxpayer's immediate family;

(2) A death of the taxpayer's key personnel;

(3) A natural disaster affecting the taxpayer's business;

(4) Failure of the electronic return system on the twenty-third day of the month; or

(5) Failure of the computer under the control of the Automated Clearing House (ACH) system or the bank participating in ACH electronic funds transfer.

The taxpayer must notify the department in writing of the reason for using a fedwire. The notice may take place concurrently with the use of the fedwire. The taxpayer is responsible for the cost of the use of the fedwire.

S.D. Admin. R. 64:01:01:22

17 SDR 4, effective 7/18/1990; 18 SDR 3, effective 7/14/1991; 21 SDR 219, effective 7/1/1995; 25 SDR 167, effective 7/1/1999; 29 SDR 177, effective 7/2/2003.

General Authority: SDCL 10-45-47.1(2), 10-46-35.1(2), 10-46A-19(2), 10-46B-18(2).

Law Implemented: SDCL 10-59-32.