S.D. Admin. R. 64:44:01:02

Current through Register Vol. 51, page 67, December 16, 2024

Section 64:44:01:02 - Minimum price on cigarettes

The distributor shall apply the following formulas to establish the minimum price on all brands of cigarettes the distributor sells in this state:

(1) The basic cost to the distributor is the manufacturer's invoice price, less available manufacturer's discounts, plus the state cigarette excise tax;

(2) The distributor may not sell cigarettes for less than four percent above their basic cost if cigarettes are sold to retailers at the distributor's warehouse;

(3) If cigarettes are delivered to retailers, an additional one and one-half percent for cartage shall be added to the basic cost.

S.D. Admin. R. 64:44:01:02

SL 1975, ch 16, § 1; 13 SDR 129, 13 SDR 134, effective 7/1/1987; 21 SDR 219, effective 7/1/1995; 38 SDR 214, effective 6/21/2012.

General Authority: SDCL 10-50-60, 37-10-26.

Law Implemented: SDCL 37-10-5, 37-10-10.