South Dakota § 10-46A-1.3 Tax measured by gross receipts upon accrual basis.

South Dakota Statutes

§ 10-46A-1.3 — Tax measured by gross receipts upon accrual basis.

South Dakota § 10-46A-1.3

Title 10TAXATION

Ch. 10-45DREALTY IMPROVEMENT CONTRACTOR'S EXCISE TAX

This text of South Dakota § 10-46A-1.3 (Tax measured by gross receipts upon accrual basis.) 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 § 10-46A-1.3 (2026).

Text

The secretary of revenue shall allow contractors to report and pay contractor's excise tax measured by gross receipts upon an accrual basis if:

(1)The contractor has not changed his basis in the previous calendar year;

(2)The contractor's records are kept in a manner which may be audited to determine whether contractor's excise tax and use tax are paid for all realty improvement contracts;

(3)The contractor has made a written request to the secretary of revenue for authority to pay tax on the accrual basis; and (4) Authority to pay tax on the accrual basis applies only to realty improvement contracts commencing after the authority is granted.

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The secretary of revenue shall allow contractors to report and pay contractor's excise tax measured by gross receipts upon an accrual basis if: (1) The contractor has not changed his basis in the previous calendar year; (2) The contractor's records are kept in a manner which may be audited to determine whether contractor's excise tax and use tax are paid for all realty improvement contracts; (3) The contractor has made a written request to the secretary of revenue for authority to pay tax on the accrual basis; and (4) Authority to pay tax on the accrual basis applies only to realty improvement contracts commencing after the authority is granted.