For the purposes of the tax imposed by SDCL 35-5-6.1, purchase price means the total price, valued in money, paid or to be paid for alcoholic beverages F.O.B. point of origin. Freight charges paid by the purchaser after title to the alcoholic beverages passes to the purchaser are not a part of the purchase price.

Source: 5 SDR 6, effective August 6, 1978; 13 SDR 129, 13 SDR 134, effective July 1, 1987; 21 SDR 219, effective July 1, 1995; 45 SDR 83, effective December 18, 2018.

General Authority: SDCL 35-10-1 (10) .

Law Implemented: SDCL 35-5-6.1.

Prior versions effective: 1995-07-01.