South Dakota Administrative Rules — Title 64 (Revenue)

ARSD § 64:07:01:17 — Gross receipts defined

64:07:01:17. Gross
receipts defined. Gross receipts received by a contractor include any
amounts received from interest charges, penalties, or liquidated damages.
Interest, penalties, or liquidated damages paid by the contractor may not be
deducted from gross receipts.

Last amended: Source: 17 SDR 4, effective July 18, 1990; 21 SDR 219, effective July 1, 1995; transferred from § 64:06:02:26.02, 24 SDR 43, effective October 13, 1997. General Authority: SDCL 10-46A-19 , 10-46B-18. Law Implemented: SDCL 10-46A-1 , 10-46A-4 , 10-46B-1 , 10-46B-4.

Source: official text