South Dakota Administrative Rules
Title 64 - REVENUE
Article 64:06 - Sales tax
Chapter 64:06:01 - Administration of program
Section 64:06:01:44 - Sale of business permit not transferable
Universal Citation: SD Admin Rules 64:06:01:44
Current through Register Vol. 50, page 114, March 25, 2024
When the holder of a tax permit sells the business to another person, all tax for which the holder is liable becomes due immediately. The holder of the tax permit shall immediately notify the department and surrender the permit for cancellation and shall, within 15 days, make a final tax return and remit all tax due. The purchaser of the business shall apply for a new permit in the purchaser's own name.
General Authority: SDCL 10-45-47.1(1), 10-45D-13(1), 10-46E-11(2), 10-52A-7(1).
Law Implemented: SDCL 10-45-24, 10-45D-12, 10-46E-8, 10-52A-6.
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.
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