§ 64:07:01:17

ARSD 64:07:01:17

Gross receipts defined.

Effective Oct 13, 199724 SDR 43Source: 17 SDR 4, effective July 18, 1990; 21 SDR 219, effective July 1, 1995; transferred from § 64:06:02:26.02, 24 SDR 43, effective October 13, 1997. | General Authority: SDCL 10-46A-19 , 10-46B-18. | Law Implemented: SDCL 10-46A-1 , 10-46A-4 , 10-46B-1 , 10-46B-4.

Gross receipts received by a contractor include any amounts received from interest charges, penalties, or liquidated damages. Interest, penalties, or liquidated damages paid by the contractor may not be deducted from gross receipts.

Source: 17 SDR 4, effective July 18, 1990; 21 SDR 219, effective July 1, 1995; transferred from § 64:06:02:26.02, 24 SDR 43, effective October 13, 1997.

General Authority: SDCL 10-46A-19 , 10-46B-18.

Law Implemented: SDCL 10-46A-1 , 10-46A-4 , 10-46B-1 , 10-46B-4.