S.D. Admin. R. 64:07:01:17

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

Section 64:07:01:17 - Gross receipts defined

Gross receipts received by a contractor include any amounts received from interest charges, penalties, or liquidated damages. Interest, penalties, or liquidated damages paid by the contractor may not be deducted from gross receipts.

S.D. Admin. R. 64:07:01:17

17 SDR 4, effective 7/18/1990; 21 SDR 219, effective 7/1/1995; transferred from

General Authority: SDCL 10-46A-19, 10-46B-18.

Law Implemented: SDCL 10-46A-1, 10-46A-4, 10-46B-1, 10-46B-4.