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Rule 64:26:04 EXPENSES -- INTERPRETIVE RULES

CHAPTER 64:26:04

EXPENSES -- INTERPRETIVE RULES

Section

64:26:04:01 to 64:26:04:27    Repealed.

64:26:04:28                           Federal income tax deductible -- Other income, privilege, and franchise taxes not deductible.



Rule 64:26:04:01 Repealed.

          64:26:04:01.  Allowances for compensation must be reasonable.Repealed.

          Source: SL 1975, ch 16, § 1; repealed, 4 SDR 35, effective December 22, 1977.



Rule 64:26:04:02 Repealed.

          64:26:04:02.  Compensation paid employees domiciled outside state.Repealed.

          Source: SL 1975, ch 16, § 1; repealed, 4 SDR 35, effective December 22, 1977.



Rule 64:26:04:03 Repealed.

          64:26:04:03.  Compensation paid other than in cash.Repealed.

          Source: SL 1975, ch 16, § 1; repealed, 4 SDR 35, effective December 22, 1977.



Rule 64:26:04:04 Repealed.

          64:26:04:04.  Bonuses to employees.Repealed.

          Source: SL 1975, ch 16, § 1; repealed, 4 SDR 35, effective December 22, 1977.



Rule 64:26:04:05 Repealed.

          64:26:04:05.  Traveling expenses.Repealed.

          Source: SL 1975, ch 16, § 1; repealed, 4 SDR 35, effective December 22, 1977.



Rule 64:26:04:06 Repealed.

          64:26:04:06.  Donations or contributions.Repealed.

          Source: SL 1975, ch 16, § 1; repealed, 4 SDR 35, effective December 22, 1977.



Rule 64:26:04:07 Repealed.

          64:26:04:07.  Rentals.Repealed.

          Source: SL 1975, ch 16, § 1; repealed, 4 SDR 35, effective December 22, 1977.



Rule 64:26:04:08 Repealed.

          64:26:04:08.  Automobile expenses.Repealed.

          Source: SL 1975, ch 16, § 1; repealed, 4 SDR 35, effective December 22, 1977.



Rule 64:26:04:09 Repealed.

          64:26:04:09.  Repairs.Repealed.

          Source: SL 1975, ch 16, § 1; repealed, 4 SDR 35, effective December 22, 1977.



Rule 64:26:04:10 Repealed.

          64:26:04:10.  Business insurance premiums.Repealed.

          Source: SL 1975, ch 16, § 1; repealed, 4 SDR 35, effective December 22, 1977.



Rule 64:26:04:11 Repealed.

          64:26:04:11.  Interest paid.Repealed.

          Source: SL 1975, ch 16, § 1; repealed, 4 SDR 35, effective December 22, 1977.



Rule 64:26:04:12 Repealed.

          64:26:04:12.  Taxes paid.Repealed.

          Source: SL 1975, ch 16, § 1; repealed, 4 SDR 35, effective December 22, 1977.



Rule 64:26:04:13 Repealed.

          64:26:04:13.  South Dakota sales and use tax.Repealed.

          Source: SL 1975, ch 16, § 1; repealed, 4 SDR 35, effective December 22, 1977.



Rule 64:26:04:14 Repealed.

          64:26:04:14.  Federal income taxes.Repealed.

          Source: SL 1975, ch 16, § 1; repealed, 4 SDR 35, effective December 22, 1977.



Rule 64:26:04:15 Repealed.

          64:26:04:15.  Assessments for local benefits.Repealed.

          Source: SL 1975, ch 16, § 1; repealed, 4 SDR 35, effective December 22, 1977.



Rule 64:26:04:16 Repealed.

          64:26:04:16.  Bad debts.Repealed.

          Source: SL 1975, ch 16, § 1; repealed, 4 SDR 35, effective December 22, 1977.



Rule 64:26:04:17 Repealed.

          64:26:04:17.  Losses of money loaned.Repealed.

          Source: SL 1975, ch 16, § 1; repealed, 4 SDR 35, effective December 22, 1977.



Rule 64:26:04:18 Repealed.

          64:26:04:18.  Deductible losses.Repealed.

          Source: SL 1975, ch 16, § 1; repealed, 4 SDR 35, effective December 22, 1977.



Rule 64:26:04:19 Repealed.

          64:26:04:19.  Sudden obsolescence of property.Repealed.

          Source: SL 1975, ch 16, § 1; repealed, 4 SDR 35, effective December 22, 1977.



Rule 64:26:04:20 Repealed.

          64:26:04:20.  Depreciation -- When allowed.Repealed.

          Source: SL 1975, ch 16, § 1; repealed, 4 SDR 35, effective December 22, 1977.



Rule 64:26:04:21 Repealed.

          64:26:04:21.  Depreciation -- Bookkeeping required.Repealed.

          Source: SL 1975, ch 16, § 1; repealed, 4 SDR 35, effective December 22, 1977.



Rule 64:26:04:22 Repealed.

          64:26:04:22.  Computation of depreciation.Repealed.

          Source: SL 1975, ch 16, § 1; repealed, 4 SDR 35, effective December 22, 1977.



Rule 64:26:04:23 Repealed.

          64:26:04:23.  Depreciation -- When not allowed.Repealed.

          Source: SL 1975, ch 16, § 1; repealed, 4 SDR 35, effective December 22, 1977.



Rule 64:26:04:24 Repealed.

          64:26:04:24.  Depreciation of leasehold improvements.Repealed.

          Source: SL 1975, ch 16, § 1; repealed, 4 SDR 35, effective December 22, 1977.



Rule 64:26:04:25 Repealed.

          64:26:04:25.  Depreciation of residence and personal property.Repealed.

          Source: SL 1975, ch 16, § 1; repealed, 4 SDR 35, effective December 22, 1977.



Rule 64:26:04:26 Repealed.

          64:26:04:26.  Depreciation of automobiles.Repealed.

          Source: SL 1975, ch 16, § 1; repealed, 4 SDR 35, effective December 22, 1977.



Rule 64:26:04:27 Repealed.

          64:26:04:27.  Contributions.Repealed.

          Source: SL 1975, ch 16, § 1; repealed, 4 SDR 35, effective December 22, 1977.



Rule 64:26:04:28 Federal income tax deductible -- Other income, privilege, and franchise taxes not deductible.

          64:26:04:28.  Federal income tax deductible -- Other income, privilege, and franchise taxes not deductible. Net federal income taxes are deductible from taxable income in the year in which they are paid when the cash method of accounting is used in determining the net income of the taxpayer. Net federal income taxes are deductible from taxable income in the tax year in which they are incurred when the accrual method of accounting is used in determining the net income of taxpayer. Any other income, franchise, or privilege taxes which were deducted to determine federal taxable income are not deductible.

          Source: 4 SDR 35, effective December 22, 1977; 13 SDR 129, 13 SDR 134, effective July 1, 1987.

          General Authority:SDCL 10-43-42.1.

          Law Implemented:SDCL 10-43-10.3.

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