S.D. Admin. R. 64:06:01:40

Current through Register Vol. 51, page 70, December 27, 2024

Section 64:06:01:40 - Preparation of return

The tax return is a combination sales and use tax report. Sales are reported under gross receipts, and withdrawals from stock or purchases for own use or contract use are reported at cost as a use tax item. Deductible receipts are listed on the tax return; and if other deductions are claimed, the deductions may be listed provided an explanation is attached.

S.D. Admin. R. 64:06:01:40

SL 1975, ch 16, § 1; 7 SDR 80, effective 2/22/1981; 9 SDR 28, effective 9/5/1982; 11 SDR 1, effective 7/19/1984; 13 SDR 129, 13 SDR 134, effective 7/1/1987; 21 SDR 219, effective 7/1/1995; 28 SDR 178, effective 7/1/2002; 32 SDR 225, effective 7/3/2006; 33 SDR 226, effective 6/27/2007.

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

Law Implemented: SDCL 10-45-27.3, 10-45D-10.2, 10-46-39, 10-46E-8, 10-52A-4.2.