<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&nbsp;&nbsp;&nbsp; Repealed.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Rule 64:26:04:01 Repealed.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META NAME="Description" Content="Administrative Rules 64:26:04:01 Repealed."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Repealed.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 SL 1975, ch 16, §&nbsp;1; repealed, 4 SDR 35, effective December 22, 1977.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Rule 64:26:04:02 Repealed.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META NAME="Description" Content="Administrative Rules 64:26:04:02 Repealed."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Repealed.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>