South Dakota Administrative Rules — Title 64 (Revenue)

ARSD § 64:07:01:02 — Gross receipts explained

lrpr14533
lrpr14296
2
1
2007-06-25T18:30:00Z
2007-06-27T13:21:00Z
2007-06-27T13:21:00Z
1
207
1182
State of South Dakota
9
2
1387
10.6830
Clean
Clean
MicrosoftInternetExplorer4
64:07:01:02. Gross
receipts explained. Gross receipts includes the
total amount received in consideration of the performance of a realty
improvement contract without deductions for any expenses. If a contractor
chooses to include the amount of the tax in the contract price, this amount may
not be deducted in determining taxable receipts. For purposes of SDCL chapter 10-46B , gross receipts does not include any internal charges or allocations among or between a parent telecommunications company subject to tax under SDCL chapter 10-33 and any wholly-owned subsidiaries thereof or between two subsidiaries that are both wholly owned by the same parent company if the recipient of the services is a telecommunications company subject to tax under SDCL chapter 10-33.

Last amended: Source: 6 SDR 44, effective November 8, 1979; 13 SDR 129, 13 SDR 134, effective July 1, 1987; 21 SDR 219, effective July 1, 1995; 33 SDR 226, effective June 27, 2007. General Authority: SDCL 10-46A-19 , 10-46B-18. Law Implemented: SDCL 10-33-26 , 10-46A-4 , 10-46B-4. Revenue Ruling: Contractors must pay the contractors' excise tax on receipts from work done for the state and other governmental entities. The tax is to be computed on the total receipts received regardless of whether the receipt is

Source: official text