<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 10-45-1.16 - Exclusions from definition of gross receipts. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2038677Normal { text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2038677SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2038677CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2038677Normal-000000 { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2038677DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2038677Normal-000001 { margin-left: 0.70in; text-indent: -0.45in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } span.s2038677000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2038677SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2038677SCL-000003 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } body { text-decoration-skip-ink: none; } </style></head><body><div><p dir="ltr" class="s2038677Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=10-45-1.16"><span class="s2038677SENU">10-45-1.16</span></a><span xml:space="preserve" class="s2038677SENU">. </span><span class="s2038677CL">Exclusions from definition of gross receipts.</span></p><p dir="ltr" class="s2038677Normal-000000"><span xml:space="preserve" class="s2038677DefaultParagraphFont">Gross receipts, as defined in § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=10-45-1.14"><span class="s2038677DefaultParagraphFont">10-45-1.14</span></a><span class="s2038677DefaultParagraphFont">, do not include:</span></p><p dir="ltr" class="s2038677Normal-000001"><span class="s2038677DefaultParagraphFont">(1)    Discounts, including cash, term, or coupons that are not reimbursed by a third party that are allowed by a retailer and taken by a purchaser on a sale;</span></p><p dir="ltr" class="s2038677Normal-000001"><span class="s2038677DefaultParagraphFont">(2)    Interest, financing, and carrying charges from credit extended on the sale of tangible personal property, any product transferred electronically, or services, if the amount is separately stated on the invoice, bill of sale, or similar document given to the purchaser; and</span></p><p dir="ltr" class="s2038677Normal-000001"><span class="s2038677DefaultParagraphFont">(3)    Any taxes legally imposed directly on the consumer that are separately stated on the invoice, bill of sale, or similar document given to the purchaser.</span></p><p dir="ltr" class="s2038677Normal"><span xml:space="preserve" class="s2038677000002"> </span></p><p dir="ltr" class="s2038677Normal"><span class="s2038677SCL">Source:</span><span xml:space="preserve" class="s2038677SCL-000003"> SL 2007, ch 56, § 4; SL 2008, ch 51, § 9.</span></p></div></body></html>