South Dakota Administrative Rules — Title 64 (Revenue)

ARSD § 64:27:01:16 — Limitations of deductions

64:27:01:16. Limitations
of deductions. Deductions allowed in SDCL 10-39-45.2(6) are limited to expenditures incurred in production activities in this state.

Last amended: Source: 2 SDR 21, effective September 18, 1975; 13 SDR 129, 13 SDR 134, effective July 1, 1987; 21 SDR 219, effective July 1, 1995. General Authority: SDCL 10-39-49. Law Implemented: SDCL 10-39-45.2(6). Declaratory Ruling: The formula for determining net profit for mineral extraction tax on profit of minerals extracted in-state and shipped out-of-state for processing, where N = net profit, G = total gross yield, AS = in-state administrative costs and salaries, TS = South Dakota state and local t

Source: official text