For purposes of the tax imposed by this chapter, the sale price of property returned by customers are not gross receipts if the full sale price thereof is refunded either in cash or by credit.
S.D. Codified Laws § 10-45-1.2
Gross receipts not to include refunded sale price of property
Source: SL 2002, ch 64, § 15.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.