A CSP must be a nonprofit corporation incorporated according to SDCL chapters 47-22 to 47-28, inclusive. The CSP must meet the definition for tax exemption status according to § 501(c)(3) of the United States Internal Revenue code of 1986, as amended, and in effect on November 15, 2010. If a SP is a nonprofit corporation, it must meet the same Internal Revenue Code requirements.

Note: Internal Revenue Service Federal Tax Information and Notice Inquiries, 1-800-829-1040.

Source: 22 SDR 104, effective February 13, 1996; 27 SDR 63, effective December 31, 2000; 40 SDR 102, effective December 3, 2013; 43 SDR 9, effective August 2, 2016.

General Authority: SDCL 27B-2-26(2).

Law Implemented: SDCL 27B-2-26.

Prior versions effective: 2013-12-03.