South Dakota Administrative Rules
Title 64 - REVENUE
Article 64:01 - Administration
Chapter 64:01:01 - Administration of department
Section 64:01:01:38 - Duties of direct payment permit holders

Universal Citation: SD Admin Rules 64:01:01:38
Current through Register Vol. 50, page 114, March 25, 2024

The holder of a direct payment permit shall furnish a copy of the direct payment permit or other acceptable evidence to each vendor from whom the holder purchases tangible personal property, products transferred electronically, or services. Acceptable evidence must show the holder's direct payment permit number. Any business who holds a direct payment permit is not required to pay the tax as prescribed in SDCL chapter 10-45 except on certain transactions not permitted as listed in § 64:01:01:37.

The holder of a direct payment permit shall have responsibility for accruing and paying tax directly to the department on each taxable transaction not taxed at the time of purchase. The holder must maintain accounting records in sufficient detail to show in summary, and in respect to each transaction, the amount of sales or use taxes paid to vendors in each reporting period.

General Authority: SDCL 10-46-67.

Law Implemented: SDCL 10-46-67.

Disclaimer: These regulations may not be the most recent version. South Dakota may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.