South Dakota Administrative Rules — Title 64 (Revenue)

ARSD § 64:06:01:58 — Reimbursement for expenditures

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64:06:01:58. Reimbursement for expenditures.
Reimbursement for expenditures actually made are not gross receipts when the
reimbursement occurs within a relationship where the ownership of the property
or service purchased by the person receiving the reimbursement passed directly
and immediately upon the purchase to the person who made the reimbursement and
the person who made the reimbursement was legally liable for payment for the
property or services to the person who sold the property or services.
The reimbursement must be separately
stated in the taxpayer's books, records, and billings for auditing purposes.

Last amended: Source: 9 SDR 28, effective July 1, 1983; 13 SDR 129, 13 SDR 134, effective July 1, 1987; 21 SDR 219, effective July 1, 1995; 28 SDR 178, effective July 1, 2002; 33 SDR 226, effective June 27, 2007. General Authority: SDCL 10-45-47.1(3). Law Implemented: SDCL 10-45-1(10) , 10-45-1.14. Examples: (1) An architect is hired to do a study on the feasibility of renovating a building in another city. In order to make the study the architect purchases a ticket in the architect's own name and flies to th

Source: official text