Section 10-45-30.1 - Cash basis reporting and payment. - South Dakota Statutes

10-45-30.1. Cash basis reporting and payment. Notwithstanding other provisions of this chapter, the secretary of revenue and regulation shall allow retailers to report and pay sales tax measured by gross receipts upon a cash basis if:
(1) The retailer has not changed his basis in the previous calendar year;
(2) The retailer's records are kept in a manner which may be audited to determine whether sales tax is paid upon all taxable sales;
(3) The retailer has made a written request to the secretary for authority to pay tax on the cash basis; and
(4) Authority to pay tax on the cash basis applies only to sales made after the authority is granted.

Source: SL 1983, ch 85, § 1; SL 2003, ch 272, § 82.