<html> <head> <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"> <title>Rule 64:26 BANKS AND FINANCIAL INSTITUTIONS</title> <META NAME="Keywords" Content="Administrative Rules 64:26"> <META NAME="Description" Content="Administrative Rules 64:26 BANKS AND FINANCIAL INSTITUTIONS"> <style> <!-- --> </style> </head> <body lang=EN-US> <div> <p align=center><b>ARTICLE 64:26</b></p> <p align=center><b>BANKS AND FINANCIAL INSTITUTIONS</b></p> <p>Chapter</p> <p><a href="DisplayRule.aspx?Rule=64:26:01">64:26:01</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Definitions.</p> <p><a href="DisplayRule.aspx?Rule=64:26:02">64:26:02</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Administration of program.</p> <p><a href="DisplayRule.aspx?Rule=64:26:03">64:26:03</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Income -- Interpretive rules.</p> <p><a href="DisplayRule.aspx?Rule=64:26:04">64:26:04</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expenses -- Interpretive rules.</p> </div> </body> </html> <br /><hr><br /><html> <head> <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"> <title>Rule 64:26:01 DEFINITIONS</title> <META NAME="Keywords" Content="Administrative Rules 64:26:01"> <META NAME="Description" Content="Administrative Rules 64:26:01 DEFINITIONS"> <style> <!-- --> </style> </head> <body lang=EN-US> <div> <p align=center><b>CHAPTER 64:26:01</b></p> <p align=center><b>&nbsp;</b></p> <p align=center><b>DEFINITIONS</b></p> <p>Section</p> <p><a href="DisplayRule.aspx?Rule=64:26:01:01">64:26:01:01</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Definitions.</p> </div> </body> </html> <br /><hr><br /><html> <head> <title>Rule 64:26:01:01 Definitions.</title> <META NAME="Keywords" Content="Administrative Rules 64:26:01:01"> <META NAME="Description" Content="Administrative Rules 64:26:01:01 Definitions."> <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>64:26:01:01.&nbsp;&nbsp;Definitions.</b> Terms used in this article mean:</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1)&nbsp;&nbsp;&quot;Department,&quot; the Department of Revenue and Regulation;</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2)&nbsp;&nbsp;&quot;Secretary,&quot; the secretary of revenue and regulation;</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3)&nbsp;&nbsp;&quot;Principal place of business,&quot; the place from which the taxpayer manages the main part of its business operations, transacts its principal affairs, or conducts its greatest volume of business operations;</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4)&nbsp;&nbsp;&quot;Net federal income tax,&quot; that federal income tax in excess of any federal income tax refund received during the tax year for which the deduction is claimed;</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5)&nbsp;&nbsp;&quot;Non-arm's length transaction,&quot; a transaction between two or more related corporations consumated at a consideration which is more or less than the amount that would have been charged in an independent transaction between unrelated corporations under similar circumstances.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> SL 1975, ch 16, §&nbsp;1; 4 SDR 35, effective December 22, 1977; 13 SDR 129, 13 SDR 134, effective July 1, 1987; 21 SDR 219, effective July 1, 1995; 30 SDR 58, effective November 5, 2003.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>General Authority:</b>SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=10-43-42.1">10-43-42.1.</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=10-43-1">10-43-1.</A></p> </div> </body> </html> <br /><hr><br /><html> <head> <meta name=Generator content="Microsoft Office HTML Filter 2.0"> <meta http-equiv=Content-Type content="text/html; charset=windows-1252"> <style> <!-- --> </style> </head> <body lang=EN-US link=blue vlink="#954F72"> <div> <p align=center><b>CHAPTER 64:26:02</b></p> <p align=center><b>ADMINISTRATION OF PROGRAM</b></p> <p>Section</p> <p><a href="DisplayRule.aspx?Rule=64:26:02:01">64:26:02:01</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Repealed.</p> <p><a href="DisplayRule.aspx?Rule=64:26:02:02">64:26:02:02</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Repealed.</p> <p><a href="DisplayRule.aspx?Rule=64:26:02:03">64:26:02:03</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Repealed.</p> <p><a href="DisplayRule.aspx?Rule=64:26:02:04">64:26:02:04</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Federal income tax return to be submitted with state return.</p> <p><a href="DisplayRule.aspx?Rule=64:26:02:05">64:26:02:05</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Repealed.</p> <p><a href="DisplayRule.aspx?Rule=64:26:02:06">64:26:02:06</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Repealed.</p> <p><a href="DisplayRule.aspx?Rule=64:26:02:07">64:26:02:07</a>&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp; Consolidated returns.</p> <p><a href="DisplayRule.aspx?Rule=64:26:02:08">64:26:02:08</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Repealed.</p> <p><a href="DisplayRule.aspx?Rule=64:26:02:09">64:26:02:09</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Repealed.</p> <p><a href="DisplayRule.aspx?Rule=64:26:02:10">64:26:02:10</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Repealed.</p> <p><a href="DisplayRule.aspx?Rule=64:26:02:11">64:26:02:11</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Certain corporations not in the business of making loans.</p> <p><a href="DisplayRule.aspx?Rule=64:26:02:12">64:26:02:12</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Apportionment of bank franchise tax revenues among counties.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Declaratory Ruling:</b>&nbsp; Secretary of Revenue Declaratory Ruling No. 77-24 is obsolete due to the repeal of SDCL 10-43-50 and 10-43-51 in 2016.</p> </div> </body> </html> <br /><hr><br /><html> <head> <title>Rule 64:26:02:01 Repealed.</title> <META NAME="Keywords" Content="Administrative Rules 64:26:02:01"> <META NAME="Description" Content="Administrative Rules 64:26:02:01 Repealed."> <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>64:26:02:01.&nbsp;&nbsp;Time for filing.</b>Repealed.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> SL 1975, ch 16, §&nbsp;1; repealed, 4 SDR 35, effective December 22, 1977.</p> </div> </body> </html> <br /><hr><br /><html> <head> <title>Rule 64:26:02:02 Repealed.</title> <META NAME="Keywords" Content="Administrative Rules 64:26:02:02"> <META NAME="Description" Content="Administrative Rules 64:26:02:02 Repealed."> <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>64:26:02:02.&nbsp;&nbsp;Basis of returns.</b>Repealed.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> SL 1975, ch 16, §&nbsp;1; repealed, 4 SDR 35, effective December 22, 1977.</p> </div> </body> </html> <br /><hr><br /><html> <head> <title>Rule 64:26:02:03 Repealed.</title> <META NAME="Keywords" Content="Administrative Rules 64:26:02:03"> <META NAME="Description" Content="Administrative Rules 64:26:02:03 Repealed."> <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>64:26:02:03.&nbsp;&nbsp;Method of accounting.</b>Repealed.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> SL 1975, ch 16, §&nbsp;1; repealed, 4 SDR 35, effective December 22, 1977.</p> </div> </body> </html> <br /><hr><br /><html> <head> <title>Rule 64:26:02:04 Federal income tax return to be submitted with state return.</title> <META NAME="Keywords" Content="Administrative Rules 64:26:02:04"> <META NAME="Description" Content="Administrative Rules 64:26:02:04 Federal income tax return to be submitted with state return."> <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>64:26:02:04.&nbsp;&nbsp;Federal income tax return to be submitted with state return.</b> In addition to the South Dakota return, all financial institutions shall submit to the department a copy of the federal income tax return and schedules filed with the Internal Revenue Service for the tax year.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> 4 SDR 35, effective December 22, 1977; 13 SDR 129, 13 SDR 134, effective July 1, 1987.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>General Authority:</b>SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=10-43-42.1">10-43-42.1.</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=10-1-33">10-1-33</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=10-43-10.1">10-43-10.1.</A></p> </div> </body> </html> <br /><hr><br /><html> <head> <title>Rule 64:26:02:05 Repealed.</title> <META NAME="Keywords" Content="Administrative Rules 64:26:02:05"> <META NAME="Description" Content="Administrative Rules 64:26:02:05 Repealed."> <meta http-equiv=Content-Type content="text/html; charset=windows-1252"> <meta name=Generator content="Microsoft Word 15 (filtered)"> <style> <!-- /* Font Definitions */ @font-face {font-family:"Cambria Math"; panose-1:2 4 5 3 5 4 6 3 2 4;} @font-face {font-family:Times; panose-1:2 2 6 3 5 4 5 2 3 4;} /* Style Definitions */ p.MsoNormal, li.MsoNormal, div.MsoNormal {margin:0in; margin-bottom:.0001pt; font-size:10.0pt; font-family:"Times",serif; color:black;} a:link, span.MsoHyperlink {color:blue; text-decoration:underline;} a:visited, span.MsoHyperlinkFollowed {color:#954F72; text-decoration:underline;} .MsoChpDefault {font-size:10.0pt; color:black;} @page WordSection1 {size:8.5in 11.0in; margin:1.0in 1.0in 1.0in 1.0in;} div.WordSection1 {page:WordSection1;} --> </style> </head> <body lang=EN-US link=blue vlink="#954F72"> <div class=WordSection1> <p class=MsoNormal style='text-align:justify'><span style='font-size:12.0pt; font-family:"Times New Roman",serif'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>64:26:02:05.&nbsp;&nbsp;Supplementary return required upon subsequent increase in income -- Exception if increase results from departmental adjustment.</b> </span><span style='font-size:12.0pt; font-family:"Times New Roman",serif'>Repealed</span><span style='font-size: 12.0pt;font-family:"Times New Roman",serif'>.</span></p> <p class=MsoNormal style='text-align:justify'><span style='font-size:12.0pt; font-family:"Times New Roman",serif'>&nbsp;</span></p> <p class=MsoNormal style='text-align:justify'><span style='font-size:12.0pt; font-family:"Times New Roman",serif'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> 4 SDR 35, effective December 22, 1977; 13 SDR 129, 13 SDR 134, effective July 1, 1987</span><span style='font-size:12.0pt;font-family:"Times New Roman",serif'>; SL 2016, ch 63, &#167; 9, effective July 1, 2016</span><span style='font-size:12.0pt;font-family: "Times New Roman",serif'>.</span></p> <p class=MsoNormal style='text-align:justify'><span style='font-size:12.0pt; font-family:"Times New Roman",serif'>&nbsp;</span></p> </div> </body> </html> <br /><hr><br /><html> <head> <meta http-equiv=Content-Type content="text/html; charset=windows-1252"> <meta name=Generator content="Microsoft Word 15 (filtered)"> <style> <!-- /* Font Definitions */ @font-face {font-family:"Cambria Math"; panose-1:2 4 5 3 5 4 6 3 2 4;} @font-face {font-family:Times; panose-1:2 2 6 3 5 4 5 2 3 4;} /* Style Definitions */ p.MsoNormal, li.MsoNormal, div.MsoNormal {margin:0in; margin-bottom:.0001pt; font-size:10.0pt; font-family:"Times",serif; color:black;} a:link, span.MsoHyperlink {color:blue; text-decoration:underline;} a:visited, span.MsoHyperlinkFollowed {color:#954F72; text-decoration:underline;} .MsoChpDefault {font-size:10.0pt; color:black;} @page WordSection1 {size:8.5in 11.0in; margin:1.0in 1.0in 1.0in 1.0in;} div.WordSection1 {page:WordSection1;} --> </style> </head> <body lang=EN-US link=blue vlink="#954F72"> <div class=WordSection1> <p class=MsoNormal style='text-align:justify'><span style='font-size:12.0pt; font-family:"Times New Roman",serif'>          <b>64:26:02:06.&nbsp;&nbsp;Supplementary return permitted upon subsequent decrease in income -- Exception if decrease results from departmental adjustment.</b> </span><span style='font-size:12.0pt; font-family:"Times New Roman",serif'>Repealed</span><span style='font-size: 12.0pt;font-family:"Times New Roman",serif'>.</span></p> <p class=MsoNormal style='text-align:justify'><span style='font-size:12.0pt; font-family:"Times New Roman",serif'>&nbsp;</span></p> <p class=MsoNormal style='text-align:justify'><span style='font-size:12.0pt; font-family:"Times New Roman",serif'>          <b>Source:</b> 4 SDR 35, effective December 22, 1977; 13 SDR 129, 13 SDR 134, effective July 1, 1987; 16 SDR 76, effective November 1, 1989</span><span style='font-size:12.0pt; font-family:"Times New Roman",serif'>; SL 2016, ch 63, § 10, effective July 1, 2016</span><span style='font-size:12.0pt;font-family:"Times New Roman",serif'>.</span></p> <p class=MsoNormal style='text-align:justify'><span style='font-size:12.0pt; font-family:"Times New Roman",serif'>&nbsp;</span></p> </div> </body> </html> <br /><hr><br /><html> <head> <title>Rule 64:26:02:07 Consolidated returns.</title> <META NAME="Keywords" Content="Administrative Rules 64:26:02:07"> <META NAME="Description" Content="Administrative Rules 64:26:02:07 Consolidated returns."> <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>64:26:02:07.&nbsp;&nbsp;Consolidated returns.</b> The secretary shall demand a consolidated return when it is established that a taxpayer has engaged in non-arm's length transactions which cause a material distortion in net income.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> 4 SDR 35, effective December 22, 1977; 13 SDR 129, 13 SDR 134, effective July 1, 1987.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>General Authority:</b>SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=10-43-42.1">10-43-42.1.</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=10-43-36">10-43-36.</A></p> </div> </body> </html> <br /><hr><br /><html> <head> <title>Rule 64:26:02:08 Repealed.</title> <META NAME="Keywords" Content="Administrative Rules 64:26:02:08"> <META NAME="Description" Content="Administrative Rules 64:26:02:08 Repealed."> <meta http-equiv=Content-Type content="text/html; charset=windows-1252"> <meta name=Generator content="Microsoft Word 15 (filtered)"> <style> <!-- /* Font Definitions */ @font-face {font-family:"Cambria Math"; panose-1:2 4 5 3 5 4 6 3 2 4;} /* Style Definitions */ p.MsoNormal, li.MsoNormal, div.MsoNormal {margin:0in; margin-bottom:.0001pt; text-align:justify; font-size:12.0pt; font-family:"Times New Roman",serif;} a:link, span.MsoHyperlink {color:blue; text-decoration:underline;} a:visited, span.MsoHyperlinkFollowed {color:purple; text-decoration:underline;} .MsoChpDefault {font-size:10.0pt;} @page WordSection1 {size:8.5in 11.0in; margin:1.0in 1.0in 1.0in 1.0in;} div.WordSection1 {page:WordSection1;} --> </style> </head> <body lang=EN-US link=blue vlink=purple> <div class=WordSection1> <p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>64:26:02:08.&nbsp;&nbsp; Exclusion of factors.</b> Repealed.</p> <p class=MsoNormal>&nbsp;</p> <p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> 4 SDR 35, effective December 22, 1977; 13 SDR 129, 13 SDR 134, effective July&nbsp;1, 1987; repealed, SL 2014, ch 61, &#167; 14, effective January 1, 2015.</p> <p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>General Authority:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=10-43-42.1">10-43-42.1.</A></p> <p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Law Implemented:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=10-43-29.1">10-43-29.1.</A></p> <p class=MsoNormal>&nbsp;</p> </div> </body> </html> <br /><hr><br /><html> <head> <title>Rule 64:26:02:09 Repealed.</title> <META NAME="Keywords" Content="Administrative Rules 64:26:02:09"> <META NAME="Description" Content="Administrative Rules 64:26:02:09 Repealed."> <meta http-equiv=Content-Type content="text/html; charset=windows-1252"> <meta name=Generator content="Microsoft Word 15 (filtered)"> <style> <!-- /* Font Definitions */ @font-face {font-family:"Cambria Math"; panose-1:2 4 5 3 5 4 6 3 2 4;} /* Style Definitions */ p.MsoNormal, li.MsoNormal, div.MsoNormal {margin:0in; margin-bottom:.0001pt; text-align:justify; font-size:12.0pt; font-family:"Times New Roman",serif;} a:link, span.MsoHyperlink {color:blue; text-decoration:underline;} a:visited, span.MsoHyperlinkFollowed {color:purple; text-decoration:underline;} .MsoChpDefault {font-size:10.0pt;} @page WordSection1 {size:8.5in 11.0in; margin:1.0in 1.0in 1.0in 1.0in;} div.WordSection1 {page:WordSection1;} --> </style> </head> <body lang=EN-US link=blue vlink=purple> <div class=WordSection1> <p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>64:26:02:09.</b><b> &nbsp;Separate accounting -- When taxpayer may petition for.</b> Repealed.</p> <p class=MsoNormal>&nbsp;</p> <p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> 4 SDR 35, effective December 22, 1977; 13 SDR 129, 13 SDR 134, effective July&nbsp;1, 1987; repealed, SL 2014, ch 61, &#167; 15, effective January 1, 2015.</p> <p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>General Authority:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=10-43-42.1">10-43-42.1.</A></p> <p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Law Implemented:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=10-43-29.1">10-43-29.1.</A></p> <p class=MsoNormal>&nbsp;</p> </div> </body> </html> <br /><hr><br /><html> <head> <title>Rule 64:26:02:10 Repealed.</title> <META NAME="Keywords" Content="Administrative Rules 64:26:02:10"> <META NAME="Description" Content="Administrative Rules 64:26:02:10 Repealed."> <meta http-equiv=Content-Type content="text/html; charset=windows-1252"> <meta name=Generator content="Microsoft Word 15 (filtered)"> <style> <!-- /* Font Definitions */ @font-face {font-family:"Cambria Math"; panose-1:2 4 5 3 5 4 6 3 2 4;} /* Style Definitions */ p.MsoNormal, li.MsoNormal, div.MsoNormal {margin:0in; margin-bottom:.0001pt; text-align:justify; font-size:12.0pt; font-family:"Times New Roman",serif;} a:link, span.MsoHyperlink {color:blue; text-decoration:underline;} a:visited, span.MsoHyperlinkFollowed {color:purple; text-decoration:underline;} .MsoChpDefault {font-size:10.0pt;} @page WordSection1 {size:8.5in 11.0in; margin:1.0in 1.0in 1.0in 1.0in;} div.WordSection1 {page:WordSection1;} --> </style> </head> <body lang=EN-US link=blue vlink=purple> <div class=WordSection1> <p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>64:26:02:10.&nbsp;&nbsp;Separate accounting -- When secretary may require.</b> Repealed.</p> <p class=MsoNormal>&nbsp;</p> <p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> 4 SDR 35, effective December 22, 1977; 13 SDR 129, 13 SDR 134, effective July&nbsp;1, 1987; repealed, SL 2014, ch 61, &#167; 16, effective January 1, 2015.</p> <p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>General Authority:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=10-43-42.1">10-43-42.1.</A></p> <p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Law Implemented:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=10-43-29.1">10-43-29.1.</A></p> <p class=MsoNormal>&nbsp;</p> </div> </body> </html> <br /><hr><br /><html> <head> <title>Rule 64:26:02:11 Certain corporations not in the business of making loans.</title> <META NAME="Keywords" Content="Administrative Rules 64:26:02:11"> <META NAME="Description" Content="Administrative Rules 64:26:02:11 Certain corporations not in the business of making loans."> <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>64:26:02:11.&nbsp;&nbsp;Certain corporations not in the business of making loans.</b> A corporation which makes loans to other members of the controlled group and not to unrelated third parties is not considered to be in the business of making installment repayment and open-end loans as described in SDCL chapter <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=10-43">10-43.</A> For purposes of this rule, the term &quot;controlled group&quot; includes any group as defined by SDCL 10-45-20.3 or any group consisting of the corporation and a subsidiary in which the corporation has a 50 percent or greater ownership interest.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; This section applies only if the primary business of the controlled group is the production and sale of tangible personal property and the loans are made for the purpose of fiscal control and performance measurement in lieu of capital contributions and not for commercial lending purposes.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> 20 SDR 73, effective November 25, 1993; 20 SDR 149, effective March 22, 1994.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>General Authority:</b>SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=10-43-42.1">10-43-42.1.</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=10-43-1">10-43-1(4).</A></p> </div> </body> </html> <br /><hr><br /><html> <head> <title>Rule 64:26:02:12 Apportionment of bank franchise tax revenues among counties.</title> <META NAME="Keywords" Content="Administrative Rules 64:26:02:12"> <META NAME="Description" Content="Administrative Rules 64:26:02:12 Apportionment of bank franchise tax revenues among counties."> <meta http-equiv=Content-Type content="text/html; charset=windows-1252"> <meta name=Generator content="Microsoft Word 15 (filtered)"> <style> <!-- /* Font Definitions */ @font-face {font-family:"Cambria Math"; panose-1:2 4 5 3 5 4 6 3 2 4;} @font-face {font-family:Times; panose-1:2 2 6 3 5 4 5 2 3 4;} /* Style Definitions */ p.MsoNormal, li.MsoNormal, div.MsoNormal {margin:0in; margin-bottom:.0001pt; font-size:10.0pt; font-family:"Times",serif;} a:link, span.MsoHyperlink {color:blue; text-decoration:underline;} a:visited, span.MsoHyperlinkFollowed {color:purple; text-decoration:underline;} .MsoChpDefault {font-size:10.0pt;} @page WordSection1 {size:8.5in 11.0in; margin:1.0in 1.0in 1.0in 1.0in;} div.WordSection1 {page:WordSection1;} --> </style> </head> <body lang=EN-US link=blue vlink=purple> <div class=WordSection1> <p class=MsoNormal style='text-align:justify'><span style='font-size:12.0pt; font-family:"Times New Roman",serif'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>64:26:02:12.&nbsp;&nbsp;Apportionment of bank franchise tax revenues among counties.</b> </span><span style='font-size:12.0pt;font-family:"Times New Roman",serif'>T</span><span style='font-size:12.0pt;font-family:"Times New Roman",serif'>he tax remittances for the branches of depository institutions shall be distributed to each county pro rata based on the relationship the deposits at all branches in each county bear to the total deposits of the institution. The deposit information upon which this distribution </span><span style='font-size:12.0pt;font-family:"Times New Roman",serif'>is</span><span style='font-size:12.0pt;font-family:"Times New Roman",serif'> based is the deposit information filed with the Federal Deposit Insurance Corporation on June 30 of the</span><span style='font-size:12.0pt;font-family:"Times New Roman",serif'> tax</span><span style='font-size:12.0pt;font-family:"Times New Roman",serif'> year </span><span style='font-size:12.0pt;font-family:"Times New Roman",serif'>for</span><span style='font-size:12.0pt;font-family:"Times New Roman",serif'> which the tax return is </span><span style='font-size:12.0pt;font-family:"Times New Roman",serif'>being filed</span><span style='font-size:12.0pt;font-family:"Times New Roman",serif'>. The tax remittances from non-depository institutions </span><span style='font-size:12.0pt;font-family:"Times New Roman",serif'>shall be</span><span style='font-size:12.0pt;font-family:"Times New Roman",serif'> distributed pro rata based on the relationship net profits at all branches in each county bear to the total net profits of the non-depository institution.</span></p> <p class=MsoNormal style='text-align:justify'><span style='font-size:12.0pt; font-family:"Times New Roman",serif'>&nbsp;</span></p> <p class=MsoNormal style='text-align:justify'><span style='font-size:12.0pt; font-family:"Times New Roman",serif'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> 25 SDR 167, effective July 1, 1999</span><span style='font-size:12.0pt;font-family:"Times New Roman",serif'>; 46 SDR 66, effective November 26, 2019</span><span style='font-size:12.0pt; font-family:"Times New Roman",serif'>.</span></p> <p class=MsoNormal style='text-align:justify'><span style='font-size:12.0pt; font-family:"Times New Roman",serif'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>General Authority:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=10-43-42.1">10-43-42.1(1)(2).</A></span></p> <p class=MsoNormal style='text-align:justify'><span style='font-size:12.0pt; font-family:"Times New Roman",serif'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Law Implemented:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=10-43-76">10-43-76.</A></span></p> <p class=MsoNormal style='text-align:justify'><span style='font-size:12.0pt; font-family:"Times New Roman",serif'>&nbsp;</span></p> </div> </body> </html> <br /><hr><br /><html> <head> <meta name=Generator content="Microsoft Office HTML Filter 2.0"> <meta http-equiv=Content-Type content="text/html; charset=windows-1252"> <style> <!-- --> </style> </head> <body lang=EN-US link=blue vlink=purple> <div> <p align=center><b>CHAPTER 64:26:03</b></p> <p align=center><b>INCOME -- INTERPRETIVE RULES</b></p> <p>Section</p> <p><a href="DisplayRule.aspx?Rule=64:26:03:01">64:26:03:01</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Repealed.</p> <p><a href="DisplayRule.aspx?Rule=64:26:03:02">64:26:03:02</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Repealed.</p> <p><a href="DisplayRule.aspx?Rule=64:26:03:03">64:26:03:03</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Repealed.</p> <p><a href="DisplayRule.aspx?Rule=64:26:03:04">64:26:03:04</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Repealed.</p> <p><a href="DisplayRule.aspx?Rule=64:26:03:05">64:26:03:05</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Repealed.</p> <p><a href="DisplayRule.aspx?Rule=64:26:03:06">64:26:03:06</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Repealed.</p> <p><a href="DisplayRule.aspx?Rule=64:26:03:07">64:26:03:07</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Repealed.</p> <p><a href="DisplayRule.aspx?Rule=64:26:03:08">64:26:03:08</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Repealed.</p> <p><a href="DisplayRule.aspx?Rule=64:26:03:09">64:26:03:09</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Repealed.</p> <p><a href="DisplayRule.aspx?Rule=64:26:03:10">64:26:03:10</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Repealed.</p> <p><a href="DisplayRule.aspx?Rule=64:26:03:11">64:26:03:11</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends received from other financial institutions.</p> <p><a href="DisplayRule.aspx?Rule=64:26:03:12">64:26:03:12</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Repealed.</p> <p><a href="DisplayRule.aspx?Rule=64:26:03:13">64:26:03:13</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Filing of separate returns of financial institutions.</p> </div> </body> </html> <br /><hr><br /><html> <head> <title>Rule 64:26:03:01 Repealed.</title> <META NAME="Keywords" Content="Administrative Rules 64:26:03:01"> <META NAME="Description" Content="Administrative Rules 64:26:03:01 Repealed."> <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>64:26:03:01.&nbsp;&nbsp;Bequest to an executor.</b>Repealed.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> SL 1975, ch 16, §&nbsp;1; repealed, 4 SDR 35, effective December 22, 1977.</p> </div> </body> </html> <br /><hr><br /><html> <head> <title>Rule 64:26:03:02 Repealed.</title> <META NAME="Keywords" Content="Administrative Rules 64:26:03:02"> <META NAME="Description" Content="Administrative Rules 64:26:03:02 Repealed."> <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>64:26:03:02.&nbsp;&nbsp;Noncash dividends.</b>Repealed.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> SL 1975, ch 16, §&nbsp;1; repealed, 4 SDR 35, effective December 22, 1977.</p> </div> </body> </html> <br /><hr><br /><html> <head> <title>Rule 64:26:03:03 Repealed.</title> <META NAME="Keywords" Content="Administrative Rules 64:26:03:03"> <META NAME="Description" Content="Administrative Rules 64:26:03:03 Repealed."> <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>64:26:03:03.&nbsp;&nbsp;Stock dividends.</b>Repealed.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> SL 1975, ch 16, §&nbsp;1; repealed, 4 SDR 35, effective December 22, 1977.</p> </div> </body> </html> <br /><hr><br /><html> <head> <title>Rule 64:26:03:04 Repealed.</title> <META NAME="Keywords" Content="Administrative Rules 64:26:03:04"> <META NAME="Description" Content="Administrative Rules 64:26:03:04 Repealed."> <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>64:26:03:04.&nbsp;&nbsp;Corporate liquidations.</b>Repealed.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> SL 1975, ch 16, §&nbsp;1; repealed, 4 SDR 35, effective December 22, 1977.</p> </div> </body> </html> <br /><hr><br /><html> <head> <title>Rule 64:26:03:05 Repealed.</title> <META NAME="Keywords" Content="Administrative Rules 64:26:03:05"> <META NAME="Description" Content="Administrative Rules 64:26:03:05 Repealed."> <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>64:26:03:05.&nbsp;&nbsp;Dividends from reserves or capital.</b>Repealed.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> SL 1975, ch 16, §&nbsp;1; repealed, 4 SDR 35, effective December 22, 1977.</p> </div> </body> </html> <br /><hr><br /><html> <head> <title>Rule 64:26:03:06 Repealed.</title> <META NAME="Keywords" Content="Administrative Rules 64:26:03:06"> <META NAME="Description" Content="Administrative Rules 64:26:03:06 Repealed."> <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>64:26:03:06.&nbsp;&nbsp;Dividends paid from tax exempt income.</b>Repealed.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> SL 1975, ch 16, §&nbsp;1; repealed, 4 SDR 35, effective December 22, 1977.</p> </div> </body> </html> <br /><hr><br /><html> <head> <title>Rule 64:26:03:07 Repealed.</title> <META NAME="Keywords" Content="Administrative Rules 64:26:03:07"> <META NAME="Description" Content="Administrative Rules 64:26:03:07 Repealed."> <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>64:26:03:07.&nbsp;&nbsp;Stock sold between dividend dates.</b>Repealed.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b>&nbsp; SL 1975, ch 16, § 1; repealed, 4 SDR 35, effective December 22, 1977.</p> </div> </body> </html> <br /><hr><br /><html> <head> <title>Rule 64:26:03:08 Repealed.</title> <META NAME="Keywords" Content="Administrative Rules 64:26:03:08"> <META NAME="Description" Content="Administrative Rules 64:26:03:08 Repealed."> <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>64:26:03:08.&nbsp;&nbsp;Items included in gross income and compensation.</b>Repealed.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> SL 1975, ch 16, §&nbsp;1; repealed, 4 SDR 35, effective December 22, 1977.</p> </div> </body> </html> <br /><hr><br /><html> <head> <title>Rule 64:26:03:09 Repealed.</title> <META NAME="Keywords" Content="Administrative Rules 64:26:03:09"> <META NAME="Description" Content="Administrative Rules 64:26:03:09 Repealed."> <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>64:26:03:09.&nbsp;&nbsp;Commissions on premiums from insurance renewals.</b>Repealed.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> SL 1975, ch 16, §&nbsp;1; repealed, 4 SDR 35, effective December 22, 1977.</p> </div> </body> </html> <br /><hr><br /><html> <head> <title>Rule 64:26:03:10 Repealed.</title> <META NAME="Keywords" Content="Administrative Rules 64:26:03:10"> <META NAME="Description" Content="Administrative Rules 64:26:03:10 Repealed."> <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>64:26:03:10.&nbsp;&nbsp;Constructive receipt of income.</b>Repealed.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> SL 1975, ch 16, §&nbsp;1; repealed, 4 SDR 35, effective December 22, 1977.</p> </div> </body> </html> <br /><hr><br /><html> <head> <title>Rule 64:26:03:11 Dividends received from other financial institutions.</title> <META NAME="Keywords" Content="Administrative Rules 64:26:03:11"> <META NAME="Description" Content="Administrative Rules 64:26:03:11 Dividends received from other financial institutions."> <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>64:26:03:11.&nbsp;&nbsp;Dividends received from other financial institutions.</b> Dividends received from other financial institutions which are subject to the South Dakota tax on financial institutions shall be subtracted from net income, provided such dividends were not excluded in determining federal taxable income.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> 4 SDR 35, effective December 22, 1977; 13 SDR 129, 13 SDR 134, effective July 1, 1987.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>General Authority:</b>SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=10-43-42.1">10-43-42.1.</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=10-43-10.3">10-43-10.3.</A></p> </div> </body> </html> <br /><hr><br /><html> <head> <title>Rule 64:26:03:12 Net operating loss carryover.</title> <META NAME="Keywords" Content="Administrative Rules 64:26:03:12"> <META NAME="Description" Content="Administrative Rules 64:26:03:12 Net operating loss carryover."> <meta http-equiv=Content-Type content="text/html; charset=windows-1252"> <meta name=Generator content="Microsoft Word 15 (filtered)"> <style> <!-- /* Font Definitions */ @font-face {font-family:"Cambria Math"; panose-1:2 4 5 3 5 4 6 3 2 4;} /* Style Definitions */ p.MsoNormal, li.MsoNormal, div.MsoNormal {margin:0in; margin-bottom:.0001pt; text-align:justify; font-size:12.0pt; font-family:"Times New Roman",serif;} a:link, span.MsoHyperlink {color:blue; text-decoration:underline;} a:visited, span.MsoHyperlinkFollowed {color:purple; text-decoration:underline;} .MsoChpDefault {font-size:10.0pt;} @page WordSection1 {size:8.5in 11.0in; margin:1.0in 1.0in 1.0in 1.0in;} div.WordSection1 {page:WordSection1;} --> </style> </head> <body lang=EN-US link=blue vlink=purple> <div class=WordSection1> <p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>64:26:03:12.&nbsp;&nbsp;Net operating loss carryover.</b> Repealed.</p> <p class=MsoNormal>&nbsp;</p> <p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> 16 SDR 76, effective November 1, 1989; repealed, SL 2014, ch 60, &#167; 5, effective January 1, 2015.</p> <p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>General Authority:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=10-43-42.1">10-43-42.1.</A></p> <p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Law Implemented:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=10-43-10.1">10-43-10.1</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=10-43-10.4">10-43-10.4.</A></p> <p class=MsoNormal>&nbsp;</p> </div> </body> </html> <br /><hr><br /><html> <head> <title>Rule 64:26:03:13 Filing of separate returns of financial institutions.</title> <META NAME="Keywords" Content="Administrative Rules 64:26:03:13"> <META NAME="Description" Content="Administrative Rules 64:26:03:13 Filing of separate returns of financial institutions."> <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>64:26:03:13.&nbsp;&nbsp;Filing of separate returns of financial institutions.</b> To determine if financial institutions sharing a common parent, such as a bank holding company, shall be required to file separate returns, the secretary shall consider the following factors:</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1)&nbsp;&nbsp;Whether there is a separate charter for each financial institution;</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2)&nbsp;&nbsp;The extent of the flow of goods and services between an institution and its parent;</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3)&nbsp;&nbsp;Whether management oversight by the parent is limited to strategic decisions affecting the operation of all subsidiaries generally, not individual institutions;</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4)&nbsp;&nbsp;Whether there would be distortion of county income through the use of loss deductions incurred by institutions not doing business in the affected county;</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5)&nbsp;&nbsp;The presence or absence of common administrative officers or procedures; or</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (6)&nbsp;&nbsp;Whether each institution is conducting business in a manner consistent with separate entities.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> 16 SDR 76, effective November 1, 1989.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>General Authority:</b>SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=10-43-42.1">10-43-42.1.</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=10-43-36">10-43-36.</A></p> </div> </body> </html> <br /><hr><br /><html> <head> <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"> <title>Rule 64:26:04 EXPENSES -- INTERPRETIVE RULES</title> <META NAME="Keywords" Content="Administrative Rules 64:26:04"> <META NAME="Description" Content="Administrative Rules 64:26:04 EXPENSES -- INTERPRETIVE RULES"> <style> <!-- --> </style> </head> <body lang=EN-US> <div> <p align=center><b>CHAPTER 64:26:04</b></p> <p align=center><b>EXPENSES -- INTERPRETIVE RULES</b></p> <p>Section</p> <p><a href="DisplayRule.aspx?Rule=64:26:04:01">64:26:04:01</a> to <a href="DisplayRule.aspx?Rule=64:26:04:27">64:26:04:27</a>&nbsp;&nbsp;&nbsp; Repealed.</p> <p><a href="DisplayRule.aspx?Rule=64:26:04:28">64:26:04:28</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Federal income tax deductible -- Other income, privilege, and franchise taxes not deductible.</p> </div> </body> </html> <br /><hr><br /><html> <head> <title>Rule 64:26:04:01 Repealed.</title> <META NAME="Keywords" Content="Administrative Rules 64:26:04:01"> <META NAME="Description" Content="Administrative Rules 64:26:04:01 Repealed."> <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>64:26:04:01.&nbsp;&nbsp;Allowances for compensation must be reasonable.</b>Repealed.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> SL 1975, ch 16, §&nbsp;1; repealed, 4 SDR 35, effective December 22, 1977.</p> </div> </body> </html> <br /><hr><br /><html> <head> <title>Rule 64:26:04:02 Repealed.</title> <META NAME="Keywords" Content="Administrative Rules 64:26:04:02"> <META NAME="Description" Content="Administrative Rules 64:26:04:02 Repealed."> <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>64:26:04:02.&nbsp;&nbsp;Compensation paid employees domiciled outside state.</b>Repealed.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> SL 1975, ch 16, §&nbsp;1; repealed, 4 SDR 35, effective December 22, 1977.</p> </div> </body> </html> <br /><hr><br /><html> <head> <title>Rule 64:26:04:03 Repealed.</title> <META NAME="Keywords" Content="Administrative Rules 64:26:04:03"> <META NAME="Description" Content="Administrative Rules 64:26:04:03 Repealed."> <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>64:26:04:03.&nbsp;&nbsp;Compensation paid other than in cash.</b>Repealed.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> SL 1975, ch 16, §&nbsp;1; repealed, 4 SDR 35, effective December 22, 1977.</p> </div> </body> </html> <br /><hr><br /><html> <head> <title>Rule 64:26:04:04 Repealed.</title> <META NAME="Keywords" Content="Administrative Rules 64:26:04:04"> <META NAME="Description" Content="Administrative Rules 64:26:04:04 Repealed."> <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>64:26:04:04.&nbsp;&nbsp;Bonuses to employees.</b>Repealed.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> SL 1975, ch 16, §&nbsp;1; repealed, 4 SDR 35, effective December 22, 1977.</p> </div> </body> </html> <br /><hr><br /><html> <head> <title>Rule 64:26:04:05 Repealed.</title> <META NAME="Keywords" Content="Administrative Rules 64:26:04:05"> <META NAME="Description" Content="Administrative Rules 64:26:04:05 Repealed."> <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>64:26:04:05.&nbsp;&nbsp;Traveling expenses.</b>Repealed.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> SL 1975, ch 16, §&nbsp;1; repealed, 4 SDR 35, effective December 22, 1977.</p> </div> </body> </html> <br /><hr><br /><html> <head> <title>Rule 64:26:04:06 Repealed.</title> <META NAME="Keywords" Content="Administrative Rules 64:26:04:06"> <META NAME="Description" Content="Administrative Rules 64:26:04:06 Repealed."> <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>64:26:04:06.&nbsp;&nbsp;Donations or contributions.</b>Repealed.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> SL 1975, ch 16, §&nbsp;1; repealed, 4 SDR 35, effective December 22, 1977.</p> </div> </body> </html> <br /><hr><br /><html> <head> <title>Rule 64:26:04:07 Repealed.</title> <META NAME="Keywords" Content="Administrative Rules 64:26:04:07"> <META NAME="Description" Content="Administrative Rules 64:26:04:07 Repealed."> <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>64:26:04:07.&nbsp;&nbsp;Rentals.</b>Repealed.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> SL 1975, ch 16, §&nbsp;1; repealed, 4 SDR 35, effective December 22, 1977.</p> </div> </body> </html> <br /><hr><br /><html> <head> <title>Rule 64:26:04:08 Repealed.</title> <META NAME="Keywords" Content="Administrative Rules 64:26:04:08"> <META NAME="Description" Content="Administrative Rules 64:26:04:08 Repealed."> <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>64:26:04:08.&nbsp;&nbsp;Automobile expenses.</b>Repealed.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> SL 1975, ch 16, §&nbsp;1; repealed, 4 SDR 35, effective December 22, 1977.</p> </div> </body> </html> <br /><hr><br /><html> <head> <title>Rule 64:26:04:09 Repealed.</title> <META NAME="Keywords" Content="Administrative Rules 64:26:04:09"> <META NAME="Description" Content="Administrative Rules 64:26:04:09 Repealed."> <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>64:26:04:09.&nbsp;&nbsp;Repairs.</b>Repealed.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> SL 1975, ch 16, §&nbsp;1; repealed, 4 SDR 35, effective December 22, 1977.</p> </div> </body> </html> <br /><hr><br /><html> <head> <title>Rule 64:26:04:10 Repealed.</title> <META NAME="Keywords" Content="Administrative Rules 64:26:04:10"> <META NAME="Description" Content="Administrative Rules 64:26:04:10 Repealed."> <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>64:26:04:10.&nbsp;&nbsp;Business insurance premiums.</b>Repealed.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> SL 1975, ch 16, §&nbsp;1; repealed, 4 SDR 35, effective December 22, 1977.</p> </div> </body> </html> <br /><hr><br /><html> <head> <title>Rule 64:26:04:11 Repealed.</title> <META NAME="Keywords" Content="Administrative Rules 64:26:04:11"> <META NAME="Description" Content="Administrative Rules 64:26:04:11 Repealed."> <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>64:26:04:11.&nbsp;&nbsp;Interest paid.</b>Repealed.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> SL 1975, ch 16, §&nbsp;1; repealed, 4 SDR 35, effective December 22, 1977.</p> </div> </body> </html> <br /><hr><br /><html> <head> <title>Rule 64:26:04:12 Repealed.</title> <META NAME="Keywords" Content="Administrative Rules 64:26:04:12"> <META NAME="Description" Content="Administrative Rules 64:26:04:12 Repealed."> <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>64:26:04:12.&nbsp;&nbsp;Taxes paid.</b>Repealed.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> SL 1975, ch 16, §&nbsp;1; repealed, 4 SDR 35, effective December 22, 1977.</p> </div> </body> </html> <br /><hr><br /><html> <head> <title>Rule 64:26:04:13 Repealed.</title> <META NAME="Keywords" Content="Administrative Rules 64:26:04:13"> <META NAME="Description" Content="Administrative Rules 64:26:04:13 Repealed."> <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>64:26:04:13.&nbsp;&nbsp;South Dakota sales and use tax.</b>Repealed.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> SL 1975, ch 16, §&nbsp;1; repealed, 4 SDR 35, effective December 22, 1977.</p> </div> </body> </html> <br /><hr><br /><html> <head> <title>Rule 64:26:04:14 Repealed.</title> <META NAME="Keywords" Content="Administrative Rules 64:26:04:14"> <META NAME="Description" Content="Administrative Rules 64:26:04:14 Repealed."> <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>64:26:04:14.&nbsp;&nbsp;Federal income taxes.</b>Repealed.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> SL 1975, ch 16, §&nbsp;1; repealed, 4 SDR 35, effective December 22, 1977.</p> </div> </body> </html> <br /><hr><br /><html> <head> <title>Rule 64:26:04:15 Repealed.</title> <META NAME="Keywords" Content="Administrative Rules 64:26:04:15"> <META NAME="Description" Content="Administrative Rules 64:26:04:15 Repealed."> <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>64:26:04:15.&nbsp;&nbsp;Assessments for local benefits.</b>Repealed.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> SL 1975, ch 16, §&nbsp;1; repealed, 4 SDR 35, effective December 22, 1977.</p> </div> </body> </html> <br /><hr><br /><html> <head> <title>Rule 64:26:04:16 Repealed.</title> <META NAME="Keywords" Content="Administrative Rules 64:26:04:16"> <META NAME="Description" Content="Administrative Rules 64:26:04:16 Repealed."> <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>64:26:04:16.&nbsp;&nbsp;Bad debts.</b>Repealed.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> SL 1975, ch 16, §&nbsp;1; repealed, 4 SDR 35, effective December 22, 1977.</p> </div> </body> </html> <br /><hr><br /><html> <head> <title>Rule 64:26:04:17 Repealed.</title> <META NAME="Keywords" Content="Administrative Rules 64:26:04:17"> <META NAME="Description" Content="Administrative Rules 64:26:04:17 Repealed."> <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>64:26:04:17.&nbsp;&nbsp;Losses of money loaned.</b>Repealed.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> SL 1975, ch 16, §&nbsp;1; repealed, 4 SDR 35, effective December 22, 1977.</p> </div> </body> </html> <br /><hr><br /><html> <head> <title>Rule 64:26:04:18 Repealed.</title> <META NAME="Keywords" Content="Administrative Rules 64:26:04:18"> <META NAME="Description" Content="Administrative Rules 64:26:04:18 Repealed."> <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>64:26:04:18.&nbsp;&nbsp;Deductible losses.</b>Repealed.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> SL 1975, ch 16, §&nbsp;1; repealed, 4 SDR 35, effective December 22, 1977.</p> </div> </body> </html> <br /><hr><br /><html> <head> <title>Rule 64:26:04:19 Repealed.</title> <META NAME="Keywords" Content="Administrative Rules 64:26:04:19"> <META NAME="Description" Content="Administrative Rules 64:26:04:19 Repealed."> <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>64:26:04:19.&nbsp;&nbsp;Sudden obsolescence of property.</b>Repealed.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> SL 1975, ch 16, §&nbsp;1; repealed, 4 SDR 35, effective December 22, 1977.</p> </div> </body> </html> <br /><hr><br /><html> <head> <title>Rule 64:26:04:20 Repealed.</title> <META NAME="Keywords" Content="Administrative Rules 64:26:04:20"> <META NAME="Description" Content="Administrative Rules 64:26:04:20 Repealed."> <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>64:26:04:20.&nbsp;&nbsp;Depreciation -- When allowed.</b>Repealed.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> SL 1975, ch 16, §&nbsp;1; repealed, 4 SDR 35, effective December 22, 1977.</p> </div> </body> </html> <br /><hr><br /><html> <head> <title>Rule 64:26:04:21 Repealed.</title> <META NAME="Keywords" Content="Administrative Rules 64:26:04:21"> <META NAME="Description" Content="Administrative Rules 64:26:04:21 Repealed."> <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>64:26:04:21.&nbsp;&nbsp;Depreciation -- Bookkeeping required.</b>Repealed.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> SL 1975, ch 16, §&nbsp;1; repealed, 4 SDR 35, effective December 22, 1977.</p> </div> </body> </html> <br /><hr><br /><html> <head> <title>Rule 64:26:04:22 Repealed.</title> <META NAME="Keywords" Content="Administrative Rules 64:26:04:22"> <META NAME="Description" Content="Administrative Rules 64:26:04:22 Repealed."> <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>64:26:04:22.&nbsp;&nbsp;Computation of depreciation.</b>Repealed.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> SL 1975, ch 16, §&nbsp;1; repealed, 4 SDR 35, effective December 22, 1977.</p> </div> </body> </html> <br /><hr><br /><html> <head> <title>Rule 64:26:04:23 Repealed.</title> <META NAME="Keywords" Content="Administrative Rules 64:26:04:23"> <META NAME="Description" Content="Administrative Rules 64:26:04:23 Repealed."> <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>64:26:04:23.&nbsp;&nbsp;Depreciation -- When not allowed.</b>Repealed.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> SL 1975, ch 16, §&nbsp;1; repealed, 4 SDR 35, effective December 22, 1977.</p> </div> </body> </html> <br /><hr><br /><html> <head> <title>Rule 64:26:04:24 Repealed.</title> <META NAME="Keywords" Content="Administrative Rules 64:26:04:24"> <META NAME="Description" Content="Administrative Rules 64:26:04:24 Repealed."> <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>64:26:04:24.&nbsp;&nbsp;Depreciation of leasehold improvements.</b>Repealed.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> SL 1975, ch 16, §&nbsp;1; repealed, 4 SDR 35, effective December 22, 1977.</p> </div> </body> </html> <br /><hr><br /><html> <head> <title>Rule 64:26:04:25 Repealed.</title> <META NAME="Keywords" Content="Administrative Rules 64:26:04:25"> <META NAME="Description" Content="Administrative Rules 64:26:04:25 Repealed."> <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>64:26:04:25.&nbsp;&nbsp;Depreciation of residence and personal property.</b>Repealed.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> SL 1975, ch 16, §&nbsp;1; repealed, 4 SDR 35, effective December 22, 1977.</p> </div> </body> </html> <br /><hr><br /><html> <head> <title>Rule 64:26:04:26 Repealed.</title> <META NAME="Keywords" Content="Administrative Rules 64:26:04:26"> <META NAME="Description" Content="Administrative Rules 64:26:04:26 Repealed."> <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>64:26:04:26.&nbsp;&nbsp;Depreciation of automobiles.</b>Repealed.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> SL 1975, ch 16, §&nbsp;1; repealed, 4 SDR 35, effective December 22, 1977.</p> </div> </body> </html> <br /><hr><br /><html> <head> <title>Rule 64:26:04:27 Repealed.</title> <META NAME="Keywords" Content="Administrative Rules 64:26:04:27"> <META NAME="Description" Content="Administrative Rules 64:26:04:27 Repealed."> <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>64:26:04:27.&nbsp;&nbsp;Contributions.</b>Repealed.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> SL 1975, ch 16, §&nbsp;1; repealed, 4 SDR 35, effective December 22, 1977.</p> </div> </body> </html> <br /><hr><br /><html> <head> <title>Rule 64:26:04:28 Federal income tax deductible -- Other income, privilege, and franchise taxes not deductible.</title> <META NAME="Keywords" Content="Administrative Rules 64:26:04:28"> <META NAME="Description" Content="Administrative Rules 64:26:04:28 Federal income tax deductible -- Other income, privilege, and franchise taxes not deductible."> <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>64:26:04:28.&nbsp;&nbsp;Federal income tax deductible -- Other income, privilege, and franchise taxes not deductible.</b> Net federal income taxes are deductible from taxable income in the year in which they are paid when the cash method of accounting is used in determining the net income of the taxpayer. Net federal income taxes are deductible from taxable income in the tax year in which they are incurred when the accrual method of accounting is used in determining the net income of taxpayer. Any other income, franchise, or privilege taxes which were deducted to determine federal taxable income are not deductible.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> 4 SDR 35, effective December 22, 1977; 13 SDR 129, 13 SDR 134, effective July 1, 1987.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>General Authority:</b>SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=10-43-42.1">10-43-42.1.</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=10-43-10.3">10-43-10.3.</A></p> </div> </body> </html>