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South Dakota Codified Laws — Title 10 (Taxation)

SDCL § 10-45-92

Allowable deductions for auctioneers

Official textsdlegislature.gov

In determining the amount of tax due under this chapter, auctioneers may deduct from gross receipts amounts which represent direct expense charges for clients for tangible personal property, any product transferred electronically, or services purchased by the auctioneer on behalf of a client. However, the sale of the property or service to the auctioneer is not a sale for resale if this deduction is taken. This deduction may only be taken if the amount to be deducted represents an expense specifically incurred for a particular client and the amount is itemized and paid from the client's auction proceeds by the auctioneer or closing agent. The deduction shall be disallowed if the auctioneer receives any profit or remuneration directly or indirectly from the client's expense.

Last amended: Source: SL 1996, ch 84 ; SL 2008, ch 51 , § 27.

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In this chapter (40 sections)
  1. 10-45-65 · 10-45-65, 10-45-66. Repealed by SL 1995, ch 68, §§ 26, 27
  2. 10-45-67 · Exemption of natural gas transportation services by pipeline
  3. 10-45-68 · Exemption for the sale of credit card processing services
  4. 10-45-69 · 10-45-69. Repealed by SL 1997, ch 68, § 11
  5. 10-45-70 · 10-45-70. Repealed by SL 2004, ch 94, § 2
  6. 10-45-71 · Passenger transportation gross receipts tax…
  7. 10-45-72 · Inapplicability of tax
  8. 10-45-73 · 10-45-73 to 10-45-79. Repealed by SL 2004, ch 94, §§ 4 to 10
  9. 10-45-80 · 10-45-80. Repealed by SL 1997, ch 69, § 1
  10. 10-45-81 · 10-45-81. Repealed by SL 2004, ch 94, § 11
  11. 10-45-82 · Gross receipts from charge of interest exempted
  12. 10-45-83 · Pawnbrokers not eligible for exemption
  13. 10-45-84 · Fee or commission not subject to tax
  14. 10-45-85 · Temporary vendor to maintain inventory records--Violation as…
  15. 10-45-86 · Temporary vendor to maintain sales receipts--Violation as…
  16. 10-45-87 · Temporary vendor to furnish list of suppliers--Violation as…
  17. 10-45-88 · Review and audit of temporary vendors
  18. 10-45-89 · Failure to maintain records--Revocation of temporary license
  19. 10-45-90 · Exemption for gross receipts from certain rodeo services
  20. 10-45-91 · Admissions to rodeos and related activities taxable
  21. 10-45-92 · Allowable deductions for auctioneers
  22. 10-45-93 · Exemption for gross receipts from international sale of…
  23. 10-45-94 · Exemption for gross receipts from direct mail service
  24. 10-45-95 · Materials purchased by locksmiths are purchases for resale
  25. 10-45-96 · Tax on gross receipts of professional employer…
  26. 10-45-97 · Professional employer organization defined
  27. 10-45-98 · Temporary help services not subject to § 10-45-96
  28. 10-45-99 · Definitions
  29. 10-45-100 · Extension for remitting sales and use tax on manufacturing…
  30. 10-45-101 · Requirements for extension
  31. 10-45-102 · Extension applies to full costs and installation fees
  32. 10-45-103 · Application for extension permit--Permit nontransferable
  33. 10-45-104 · Secretary to prescribe form and documentation requirements
  34. 10-45-105 · Fraudulent claim--Tax due constitutes lien in favor of state
  35. 10-45-106 · Right to hearing on denial of extension request
  36. 10-45-107 · Promulgation of rules regarding filing extensions
  37. 10-45-108 · Sourcing of sales and services
  38. 10-45-109 · Registration and tax collection does not create nexus for…
  39. 10-45-110 · Exemption for sale of coins, currency, or bullion
  40. 10-45-111 · Relief from liability for failing to collect tax at new…
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