ARSD § 64:01:01:51 — Effect of maintaining machine-sensible records on hard-copy recordkeeping requirements

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64:01:01:51. Effect of maintaining machine-sensible records
on hard-copy recordkeeping requirements. Except as otherwise provided in
§§ 64:01:01:42 to 64:01:01:51, inclusive, the provisions of this section
do not relieve taxpayers of the responsibility to retain hard-copy records that
are created or received in the ordinary course of business as required by
existing law and regulations.
Hard-copy records generated at the
time of a transaction using a credit card or debit card must be retained unless
all the details necessary to determine correct tax liability relating to the
transaction are subsequently received and retained by the taxpayer in
accordance with this regulation.
Computer printouts that are created
for validation, control, or other temporary purposes need not be retained.
Nothing in this section prevents the
department from requesting hard-copy printouts in lieu of retained
machine-sensible records at the time of examination.