<html> <head> <title>Rule 64:07:01:17 Gross receipts defined.</title> <META NAME="Keywords" Content="Administrative Rules 64:07:01:17"> <META NAME="Description" Content="Administrative Rules 64:07:01:17 Gross receipts defined."> <meta name=Generator content="Microsoft Office HTML Filter 2.0"> <meta http-equiv=Content-Type content="text/html; charset=windows-1252"> <meta name=Originator content="Microsoft Word 10"> <style> <!-- --> </style> </head> <body lang=EN-US> <div> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>64:07:01:17.&nbsp;&nbsp;Gross receipts defined.</b> Gross receipts received by a contractor include any amounts received from interest charges, penalties, or liquidated damages. Interest, penalties, or liquidated damages paid by the contractor may not be deducted from gross receipts.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> 17 SDR 4, effective July 18, 1990; 21 SDR 219, effective July 1, 1995; transferred from §&nbsp;64:06:02:26.02, 24 SDR 43, effective October 13, 1997.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>General Authority:</b>SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=10-46A-19">10-46A-19</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=10-46B-18">10-46B-18.</A></p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Law Implemented:</b>SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=10-46A-1">10-46A-1</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=10-46A-4">10-46A-4</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=10-46B-1">10-46B-1</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=10-46B-4">10-46B-4.</A></p> </div> </body> </html>