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2017 South Dakota Codified Laws
Title 10 - TAXATION
Chapter 45 - Retail Sales And Service Tax
§ 10-45-2.3 Conditional or installment sales--Actual cash receipts subject to tax.
Universal Citation: SD Codified L § 10-45-2.3 (2017)
10-45-2.3. Conditional or installment sales--Actual cash receipts subject to tax. For purposes of the tax imposed by this chapter, on any sale made under a conditional sales contract, or under other forms of sale wherein the payment of the principal sum is extended over a period longer than sixty days from the date of sale, only the portion of the sale amount that has actually been received in cash by the retailer during each reporting period is subject to the tax imposed by this chapter.
Source: SL 2002, ch 64, ยง 17.
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