S.D. Admin. R. 62:03:05:08

Current through Register Vol. 51, page 67, December 16, 2024

Section 62:03:05:08 - Distributions deemed reasonable and made in good faith under federal law

Pursuant to Internal Revenue Service Treasury Regulation 1.401(a)(9)-1, any distribution under §§ 62:03:05:04 and 62:03:05:05 is deemed to be reasonable and made in good faith under § 401(a)(9) of the Internal Revenue Code.

S.D. Admin. R. 62:03:05:08

37 SDR 214, effective 5/30/2011; 39 SDR 227, effective 7/1/2013.

General Authority: SDCL 3-13-54

Law Implemented: SDCL 3-13-54.