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South Dakota Codified Laws — Title 10 (Taxation)

SDCL § 10-45-55

Personal liability of officers, managers, or partners of entity failing to file returns or pay tax--Security in lieu of liability--Bonded municipal officials exempt

Official textsdlegislature.gov

If a corporation, limited liability company, limited partnership, limited liability partnership, or limited liability limited partnership subject to tax under this chapter fails for any reason to file the required returns or to pay the tax due, any of the corporate officers, member-managers or managers of limited liability companies, or partners of partnerships that control, supervise, or are charged with the responsibility of filing the returns or remitting tax payments shall be personally liable for the failure. The dissolution of a corporation, limited liability company, limited partnership, limited liability partnership, or limited liability limited partnership does not discharge an officer, member-manager, manager, or partner's liability for a prior failure of the corporation, limited liability company, limited partnership, limited liability partnership, or limited liability limited partnership to file a return or remit the tax due. The sum due for such a liability may be assessed and collected as provided by law.
If the corporate officers, limited liability company member-managers or managers, or partners elect not to be personally liable for the failure to file the required returns or to pay the tax due, the corporation, limited liability company, limited partnership, limited liability partnership, or limited liability limited partnership shall provide the Department of Revenue with a surety bond or certificate of deposit as security for payment of any tax that may become due. The bond or certificate of deposit provided for in this section shall be in an amount equal to the estimated annual gross receipts multiplied by the applicable sales or excise tax rate. This section does not apply to elected or appointed officials of a municipality if bonded pursuant to §§ 9-14-6 and 9-14-6.1 .

Last amended: Source: SL 1981, ch 105 ; SL 1982, ch 120 , § 2; SL 2003, ch 272 (Ex. Ord. 03-1), § 82; SL 2009, ch 49 , § 2; SL 2011, ch 1 (Ex. Ord. 11-1 ), § 161, eff. Apr. 12, 2011. Effective July 1, 2026 10-45-55 . Personal liability of officers, managers, or partners of entity failing to file returns or pay tax--Security in lieu of liability--Bonded municipal officials exempt. If a corporation, limited liability company, limited partnership, limited liability partnership, or limited liability limited partn

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In this chapter (40 sections)
  1. 10-45-27 · 10-45-27, 10-45-27.1. Repealed by SL 2006, ch 61, §§ 2, 10,…
  2. 10-45-28 · 10-45-28. Repealed by SL 2007, ch 65, § 2
  3. 10-45-29 · Deduction allowed for sales refunds
  4. 10-45-30 · Bad debts--Deduction from amount upon which tax is…
  5. 10-45-31 · Receipts not issued for taxes remitted
  6. 10-45-32 · 10-45-32, 10-45-33. Repealed by SL 1986, ch 111, § 27
  7. 10-45-34 · 10-45-34. Repealed by SL 2010, ch 69, § 5
  8. 10-45-35 · Appeals from decisions of secretary
  9. 10-45-36 · 10-45-36. Repealed by SL 2010, ch 69, § 6
  10. 10-45-37 · Jeopardy assessment of sales tax--Lien and distress…
  11. 10-45-38 · 10-45-38 to 10-45-41.1. Repealed by SL 1986, ch 111, § 28
  12. 10-45-42 · Endorsement and return of uncollectible warrant--Liability…
  13. 10-45-43 · 10-45-43, 10-45-44. Repealed by SL 1986, ch 111, § 29
  14. 10-45-45 · Records preserved by persons subject to tax--Inspection by…
  15. 10-45-46 · 10-45-46. Repealed by SL 1978, ch 70, § 7
  16. 10-45-47 · 10-45-47. Superseded
  17. 10-45-48 · 10-45-48. Repealed by SL 1984, ch 86, § 2
  18. 10-45-49 · 10-45-49 to 10-45-51. Repealed by SL 1984, ch 86, §§ 3 to 6
  19. 10-45-52 · Tax proceeds credited to general fund
  20. 10-45-53 · 10-45-53, 10-45-54. Repealed by SL 1986, ch 111, § 30
  21. 10-45-55 · Personal liability of officers, managers, or partners of…
  22. 10-45-56 · 10-45-56. Repealed by SL 1995, ch 94, § 1
  23. 10-45-57 · 10-45-57. Obsolete
  24. 10-45-58 · Materials used by floor laying as purchases for resale
  25. 10-45-59 · 10-45-59, 10-45-60. Repealed by SL 1995, ch 68, §§ 23, 24
  26. 10-45-61 · Exemption certificate--Responsibilities of…
  27. 10-45-62 · Exemption of large boats subject to excise tax
  28. 10-45-63 · 10-45-63. Repealed by SL 1995, ch 68, § 25
  29. 10-45-64 · Exemption of gaming proceeds
  30. 10-45-65 · 10-45-65, 10-45-66. Repealed by SL 1995, ch 68, §§ 26, 27
  31. 10-45-67 · Exemption of natural gas transportation services by pipeline
  32. 10-45-68 · Exemption for the sale of credit card processing services
  33. 10-45-69 · 10-45-69. Repealed by SL 1997, ch 68, § 11
  34. 10-45-70 · 10-45-70. Repealed by SL 2004, ch 94, § 2
  35. 10-45-71 · Passenger transportation gross receipts tax…
  36. 10-45-72 · Inapplicability of tax
  37. 10-45-73 · 10-45-73 to 10-45-79. Repealed by SL 2004, ch 94, §§ 4 to 10
  38. 10-45-80 · 10-45-80. Repealed by SL 1997, ch 69, § 1
  39. 10-45-81 · 10-45-81. Repealed by SL 2004, ch 94, § 11
  40. 10-45-82 · Gross receipts from charge of interest exempted
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