S.D. Admin. R. 64:01:01:29

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

Section 64:01:01:29 - New facilities refund or delay in payment - Commencement of project

For purposes of qualifying for a refund or delay in payment of tax under SDCL chapter 10-45, chapter 10-45 B, chapter 10-46 C, or SDCL 49-34A-80 to 49-34A-92, inclusive, commencement of the project means:

(1) The first date earth is excavated for the purposes of constructing a project in the case of new construction or the expansion of an existing building or structure;

(2) The beginning of modification or preparation of an existing facility for installation of production equipment; or

(3) The delivery of production equipment to the purchaser if prior preparation is not required.

S.D. Admin. R. 64:01:01:29

18 SDR 3, effective 7/14/1991; 21 SDR 219, effective 7/1/1995; 28 SDR 69, effective 11/21/2001; 28 SDR 178, effective 7/1/2002; 30 SDR 40, effective 9/29/2003; 31 SDR 214, effective 7/6/2005.

General Authority: SDCL 10-45-47.1(3), 10-45-103, 10-45B-12, 10-46-35.1(3), 10-46C-8(3), 49-34A-92.

Law Implemented: SDCL 10-45-103, 10-45B-6, 10-46C-6, 49-34A-80, 49-34A-81, 49-34A-86.