S.D. Admin. R. 64:06:02:03.01

Current through Register Vol. 50, page 162, June 24, 2024

Section 64:06:02:03.01 - Advertising payments

Gross receipts received by a retailer as a cost share or a reimbursement for purchases of exempt advertising services made by the retailer are not subject to sales tax if:

(1) The gross receipts are paid by a manufacturer or supplier to the retailer for including the manufacturer's or supplier's identity in the retailer's advertisement;

(2) The retailer denotes the gross receipts as a cost share or reimbursement for exempt advertising services; and

(3) The retailer has documentation verifying that the gross receipts were received as a cost share or reimbursement for a specific exempt advertising service purchased by the retailer.

S.D. Admin. R. 64:06:02:03.01

24 SDR 97, effective 1/25/1998.

General Authority: SDCL 10-45-47.1.

Law Implemented: SDCL 10-45-2, 10-45-12.1, 10-45-20.