64:27:01:13.  Travel expenses. Expenses incurred while traveling within this state for general business purposes is deductible as a general administrative expense.

          Expenses for travel outside South Dakota but beginning or ending within this state and incurred for general business purposes is deductible as a general administrative expense.

          Source: 2 SDR 21, effective September 18, 1975; 13 SDR 129, 13 SDR 134, effective July 1, 1987; 21 SDR 219, effective July 1, 1995.

          General Authority:SDCL 10-39-49.

          Law Implemented:SDCL 10-39-45.2(12).