64:27:01:02.  Method of accounting. The method of accounting shall be that method normally used by the taxpayer in the ordinary course of business if it accurately reflects the taxpayer's income for the taxable year. The taxpayer may not change the method of accounting without the prior consent of the department.

          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.