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2017 South Dakota Codified Laws
Title 10 - TAXATION
Chapter 47B - Fuel Taxation
§ 10-47B-40 Percent of remitted tax liquid petroleum vendor allowed to retain.
Universal Citation: SD Codified L § 10-47B-40 (2017)
10-47B-40. Percent of remitted tax liquid petroleum vendor allowed to retain. Any liquid petroleum vendor who properly remits tax under this chapter may retain an amount equal to the percentage of tax remitted as follows:
(1) Two percent of the first twenty-five thousand gallons taxed each month;
(2) One percent on the gallons taxed in excess of twenty-five thousand each month;
(3) The maximum amount retained each month shall be five hundred dollars.
Source: SL 1995, ch 71, ยง 40.
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