Refunds made by a retailer during the reporting period shall be allowed as a deduction in case the retailer included the receipts, for which a refund is made, in the net taxable sales or has previously paid the sales tax.
S.D. Codified Laws § 10-45-29
Deduction allowed for sales refunds
Applied in 2 court decisions — leading case Citibank, N.A. v. South Dakota Department of Revenue (2015)
Most recently applied in Citibank, N.A. v. South Dakota Department of Revenue (July 2015)
Source: SDC 1939, § 57.3310 as amended by SL 1967, ch 329, § 7.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.