South Dakota Statutes
§ 42-7B-28.2 — Calculation of adjusted gross proceeds.
South Dakota § 42-7B-28.2
JurisdictionSouth Dakota
Title 42RECREATION AND SPORTS
Ch. 42-6LIMITED CARD GAMES, SLOT MACHINES, CRAPS, ROULETTE, AND KENO
This text of South Dakota § 42-7B-28.2 (Calculation of adjusted gross proceeds.) 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 § 42-7B-28.2 (2026).
Text
When calculating adjusted gross proceeds for the purpose of applying the tax imposed by §§ 42-7B-28 and 42-7B-28 .1:
(1)Free play value provided by the operator is not included in the gross proceeds;
(2)Cash prizes deducted are adjusted to not include an amount equal to ninety percent of the free play value provided by the operator; and (3) The federal excise tax on sports wagers imposed by 26 U.S.C. § 4401 (1982) is a deduction from the adjusted gross proceeds.
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Related
§ 4401
26 U.S.C. § 4401
Legislative History
SL 2015, ch 219, § 1; SL 2022, ch 162, § 1.
Nearby Sections
15
§ 42-10-1
Amusement ride defined.§ 42-10-2
Liability insurance requirement.§ 42-10-2.1
Proof of liability insurance required.§ 42-10-3
Local government inspection.§ 42-10-4
Annual inspection.§ 42-10-5
Inspection affidavit.§ 42-10-6
Daily inspection--Standards--Record.§ 42-10-7
Inspection following modification.§ 42-10-9
Rider obedience of rules, warnings, and oral or prerecorded instructions--Contributory negligence.§ 42-11-1
Definition of terms.§ 42-11-2
Persons exempt from liability.§ 42-11-3
Conduct not exempt from liability.§ 42-11-4
Warranty or trespass unaffected.§ 42-11-5
Warning signs--Placement--Size.Cite This Page — Counsel Stack
Bluebook (online)
South Dakota § 42-7B-28.2, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/42-7B-28.2.