Section 10-43-42.1 - Administration of chapter by secretary of revenue-Promulgation of rulesThe provisions of this chapter shall be administered by the secretary of revenue and the secretary may promulgate rules, pursuant to chapter 1-26, concerning:
(1) The procedure for filing tax returns and payment of the tax;(2) The type of accounting to be used;(3) The definition and deductibility of net federal income taxes;(4) The application of the tax and exemptions; and(5) The records to be retained by the taxpayer.SL 1977, ch 96, § 19; SL 1987, ch 82, § 21; SL 2003, ch 272 (Ex. Ord. 03-1), § 82; SL 2011, ch 1 (Ex. Ord. 11-1), § 161, eff. Apr. 12, 2011; SL 2016, ch 62, §15.Amended by S.L. 2016, ch. 62,s. 15, eff. 7/1/2016.