S.D. Admin. R. 64:01:01:43

Current through Register Vol. 51, page 34, September 9, 2024

Section 64:01:01:43 - Maintenance and access to taxpayer records

A taxpayer shall maintain all records necessary to make a determination of the correct tax liability. The records shall include: records and books of account for all receipts and sales, invoices, bills of lading, copies of bills of sale, and other pertinent papers and documents.

If a taxpayer retains records in both machine-sensible and hard-copy formats, the taxpayer shall make the records available to the department in machine-sensible format upon request by the department.

28 SDR 178, effective 7/1/2002; 32 SDR 225, effective 7/3/2006.

General Authority: SDCL 10-45-47.1(4), 10-45D-13(4), 10-46-35.1(4), 10-46A-19(4), 10-46B-18(4), 10-46E-11(4), 10-47B-2, 10-52A-7(4).

Law Implemented: SDCL 10-45-45, 10-45D-12, 10-46-39, 10-46A-7, 10-46B-6, 10-47B-157, 10-46E-8, 10-52A-6.