South Dakota Statutes
§ 10-45-29.1 — Deduction allowed attorneys and accountants for amounts spent on behalf of clients.
South Dakota § 10-45-29.1
This text of South Dakota § 10-45-29.1 (Deduction allowed attorneys and accountants for amounts spent on behalf of clients.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
S.D. Codified Laws § 10-45-29.1 (2026).
Text
In determining the amount of tax due under this chapter, a person licensed pursuant to chapter 16-16 and a person licensed pursuant to chapter 36-20B may deduct from gross receipts amounts which represent charges to clients for tangible personal property, any product transferred electronically, or services purchased by the attorney or accountant on behalf of a client. However, the sale of the property or service to the attorney or accountant 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 separately billed as a reimbursable expense by the attorney or accountant.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
SL 1983, ch 94; SL 1984, ch 254, §§
Nearby Sections
15
§ 10-1-1.1
, 10-1-2§ 10-1-13
General functions of secretary.§ 10-1-13.1
Interstate agreements for administration of excise and income taxes--Exchange of information.§ 10-1-15
General supervision of assessment of property for taxation--Forms--Classification of property.§ 10-1-16
Advice and direction to directors of equalization and boards--Instructional meetings of directors.§ 10-1-16.1
Standard real estate appraisal manual.Cite This Page — Counsel Stack
Bluebook (online)
South Dakota § 10-45-29.1, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/10-45-29.1.