Statutes, codes, and regulations
South Dakota Codified Laws
Title 10 - TAXATION
Chapter 45 - RETAIL SALES AND SERVICE TAX
Section 10-45-1.6 - Exemption for gross receipts pursuant to contract requiring retailer to display products or signage-Exception

S.D. Codified Laws § 10-45-1.6

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Current through the 2024 Legislative Session
Section 10-45-1.6 - Exemption for gross receipts pursuant to contract requiring retailer to display products or signage-Exception

There are hereby exempted from the provisions of this chapter and the tax imposed by it, gross receipts received by a retailer from a manufacturer, wholesaler, or distributor pursuant to a written contract between the retailer and manufacturer, wholesaler, or distributor that requires the retailer to display the manufacturer, wholesaler, or distributor's product or signage in a specified manner or location. Any discount or deferred payment received by a retailer from a distributor, wholesaler, or manufacturer for purchasing a product for sale at retail does not constitute gross receipts subject to the tax imposed by this chapter.

SDCL 10-45-1.6

SL 2003, ch 62, § 1.