64:06:01:10.  Consignment sales. If retailers receive articles of tangible personal property or any product transferred electronically on consignment from others and the consigned merchandise is sold in the ordinary course of business along with other merchandise owned by the retailer, such retailers or consignees are held to be making sales at retail. Returns must be filed and the tax remitted to the state by the consignees, along with their remittance from the sale of other merchandise.

          Source: SL 1975, ch 16, § 1; 12 SDR 111, effective January 12, 1986; 13 SDR 129, 13 SDR 134, effective July 1, 1987; 21 SDR 219, effective July 1, 1995; 35 SDR 48, effective September 8, 2008.

          General Authority: SDCL 10-45-47.1.

          Law Implemented: SDCL 10-45-2, 10-45-2.4.