64:01:01:43.  Maintenance and access to taxpayer records. A taxpayer shall maintain all records necessary to make a determination of the correct tax liability. The records shall include: records and books of account for all receipts and sales, invoices, bills of lading, copies of bills of sale, and other pertinent papers and documents.

          If a taxpayer retains records in both machine-sensible and hard-copy formats, the taxpayer shall make the records available to the department in machine-sensible format upon request by the department.

          Source: 28 SDR 178, effective July 1, 2002; 32 SDR 225, effective July 3, 2006.

          General Authority: SDCL 10-45-47.1(4), 10-45D-13(4), 10-46-35.1(4), 10-46A-19(4), 10-46B-18(4), 10-46E-11(4), 10-47B-2, 10-52A-7(4).

          Law Implemented: SDCL 10-45-45, 10-45D-12, 10-46-39, 10-46A-7, 10-46B-6, 10-47B-157, 10-46E-8, 10-52A-6.