ARSD § 64:44:01:14 — Deduction

Pirnat, Marge
lrpr14296
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2012-06-21T15:14:00Z
2012-06-21T15:14:00Z
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State of South Dakota
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64:44:01:14. Deduction.
The wholesale purchase price of any tobacco product that is typically subject
to the wholesale tax on tobacco products pursuant to SDCL 10-50-61 may be deducted from the Monthly OTP tax return form if the tobacco product is subsequently used to manufacture cigarettes in a roll-your-own machine at a retail establishment. This provision only applies if the cigarettes produced were taxed pursuant to SDCL 10-50-3 and payment of the tax has been evidenced by the affixing of tax stamps pursuant to SDCL 10-50-4.