South Dakota § 37-10-8 Presumption as to cost of doing business by retailer purchasing from manufacturer.

South Dakota Statutes

§ 37-10-8 — Presumption as to cost of doing business by retailer purchasing from manufacturer.

South Dakota·Title 37 TRADE REGULATION·Ch. 37-10 UNFAIR CIGARETTE SALES

In the absence of the filing with the secretary of revenue of satisfactory proof of a lesser or higher cost of doing business, the cost of doing business by the retailer, who, in connection with the retailer's purchase, received not only the discounts ordinarily allowed upon purchase by a retailer, but also, in whole or in part, the discounts ordinarily allowed upon purchases by a wholesaler, shall be presumed to be eight percent of the sum of the basic cost of cigarettes and the cost of doing business by the wholesaler.

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In the absence of the filing with the secretary of revenue of satisfactory proof of a lesser or higher cost of doing business, the cost of doing business by the retailer, who, in connection with the retailer's purchase, received not only the discounts ordinarily allowed upon purchase by a retailer, but also, in whole or in part, the discounts ordinarily allowed upon purchases by a wholesaler, shall be presumed to be eight percent of the sum of the basic cost of cigarettes and the cost of doing business by the wholesaler.

South Dakota § 37-10-8 (Presumption as to cost of doing business by retailer purchasing from manufacturer.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.