S.D. Admin. R. 64:06:01:44

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

Section 64:06:01:44 - Sale of business permit not transferable

When the holder of a tax permit sells the business to another person, all tax for which the holder is liable becomes due immediately. The holder of the tax permit shall immediately notify the department and surrender the permit for cancellation and shall, within 15 days, make a final tax return and remit all tax due. The purchaser of the business shall apply for a new permit in the purchaser's own name.

S.D. Admin. R. 64:06:01:44

SL 1975, ch 16, § 1; 13 SDR 129, 13 SDR 134, effective 7/1/1987; 21 SDR 219, effective 7/1/1995; 28 SDR 178, effective 7/1/2002; 30 SDR 58, effective 11/5/2003; 32 SDR 225, effective 7/3/2006.

General Authority: SDCL 10-45-47.1(1), 10-45D-13(1), 10-46E-11(2), 10-52A-7(1).

Law Implemented: SDCL 10-45-24, 10-45D-12, 10-46E-8, 10-52A-6.