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§ 10-47b-34 — South Dakota Law | CourtGPT
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South Dakota Legal Code

§ 10-47b-34

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10-47B-34. Percentage allowed to be retained to off-set administrative expenses of timely reporting.Any supplier, out-of-state supplier, ethanol producer, or ethanol broker who properly remits tax under this chapter shall be allowed to retain an amount not to exceed two and one-fourth percent of the tax required to be paid on each gallon of fuel to this state. The amount to be retained is to help off-set the administrative expenses of timely reporting and payment of tax. Source: SL 1995, ch 71, §34; SL 2010, ch 66, §8.