S.D. Admin. R. 64:44:01:05

Current through Register Vol. 51, page 67, December 16, 2024
Section 64:44:01:05 - Determination of credit period

The first day of a credit period is the day following the date of invoice, and the 30-day period expires at midnight the thirtieth day following the date of invoice, after which payment is delinquent. However, no remittance made by mail is considered delinquent if it is affirmatively established that the envelope in which the remittance was transmitted bears the postmark of the thirtieth day following the date of invoice.

S.D. Admin. R. 64:44:01:05

1 SDR 44, effective 12/6/1974; 13 SDR 129, 13 SDR 134, effective 7/1/1987.

General Authority: SDCL 37-10-26.

Law Implemented: SDCL 37-10-2, 37-10-3.