S.D. Admin. R. 64:44:01:14
Current through Register Vol. 51, page 67, December 16, 2024
The wholesale purchase price of any tobacco product that is typically subject to the wholesale tax on tobacco products pursuant to SDCL 10-50-61 may be deducted from the Monthly OTP tax return form if the tobacco product is subsequently used to manufacture cigarettes in a roll-your-own machine at a retail establishment. This provision only applies if the cigarettes produced were taxed pursuant to SDCL 10-50-3 and payment of the tax has been evidenced by the affixing of tax stamps pursuant to SDCL 10-50-4.
S.D. Admin. R. 64:44:01:14
General Authority: SDCL 10-50-60(5)(6), 37-10-26(3).
Law Implemented: SDCL 10-50-105.