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State of South Dakota
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NINETIETH SESSION LEGISLATIVE ASSEMBLY, 2015 |
| 400W0375 | SENATE BILL NO. 56 |
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Introduced by: The Committee on State Affairs at the request of the Department of Revenue
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FOR AN ACT ENTITLED, An Act to provide direction regarding the calculation of adjusted
gross proceeds for the purpose of calculating the gaming tax.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
Section 1. That chapter 42-7B be amended by adding thereto a NEW SECTION to read as follows:
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
Section 1. That chapter 42-7B be amended by adding thereto a NEW SECTION to read as follows:
When calculating adjusted gross proceeds for the purpose of applying the tax imposed by
§§ 42-7B-28 and 42-7B-28.1:
(1) Free play value provided by the operator may not be included in the gross proceeds;
and
(2) Cash prizes deducted shall be adjusted to not include an amount equal to ninety
percent of the free play value provided by the operator.
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170 copies were printed on recycled paper by the South Dakota Legislative Research Council at a cost of $.098 per page. |
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Insertions into existing statutes are indicated by underscores. Deletions from existing statutes are indicated by |
