64:01:01:29.  New facilities refund or delay in payment -- Commencement of project. For purposes of qualifying for a refund or delay in payment of tax under SDCL chapter 10-45, chapter 10-45B, chapter 10-46C, or SDCL 49-34A-80 to 49-34A-92, inclusive, commencement of the project means: (1) The first date earth is excavated for the purposes of constructing a project in the case of new construction or the expansion of an existing building or structure; (2) The beginning of modification or preparation of an existing facility for installation of production equipment; or (3) The delivery of production equipment to the purchaser if prior preparation is not required.

          Source: 18 SDR 3, effective July 14, 1991; 21 SDR 219, effective July 1, 1995; 28 SDR 69, effective November 21, 2001; 28 SDR 178, effective July 1, 2002; 30 SDR 40, effective September 29, 2003; 31 SDR 214, effective July 6, 2005.

          General Authority: SDCL 10-45-47.1(3), 10-45-103, 10-45B-12, 10-46-35.1(3), 10-46C-8(3), 49-34A-92.

          Law Implemented: SDCL 10-45-103, 10-45B-6, 10-46C-6, 49-34A-80, 49-34A-81, 49-34A-86.