South Dakota Administrative Rules — Title 64 (Revenue)

ARSD § 64:06:01:44 — Sale of business permit not transferable

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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.

Last amended: Source: SL 1975, ch 16, § 1; 13 SDR 129, 13 SDR 134, effective July 1, 1987; 21 SDR 219, effective July 1, 1995; 28 SDR 178, effective July 1, 2002; 30 SDR 58, effective November 5, 2003; 32 SDR 225, effective July 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.

Source: official text