<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 10-45-29.1 - Deduction allowed attorneys and accountants for amounts spent on behalf of clients. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2038793Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2038793SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2038793CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2038793Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2038793DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2038793000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2038793SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2038793SCL-000002 { 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="s2038793Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=10-45-29.1"><span class="s2038793SENU">10-45-29.1</span></a><span xml:space="preserve" class="s2038793SENU">. </span><span class="s2038793CL">Deduction allowed attorneys and accountants for amounts spent on behalf of clients.</span></p><p dir="ltr" class="s2038793Normal-000000"><span xml:space="preserve" class="s2038793DefaultParagraphFont">In determining the amount of tax due under this chapter, a person licensed pursuant to chapter </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=16-16"><span class="s2038793DefaultParagraphFont">16-16</span></a><span xml:space="preserve" class="s2038793DefaultParagraphFont"> and a person licensed pursuant to chapter </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=36-20B"><span class="s2038793DefaultParagraphFont">36-20B</span></a><span xml:space="preserve" class="s2038793DefaultParagraphFont"> may deduct from gross receipts amounts which represent charges to clients for tangible personal property, any product transferred electronically, or services purchased by the attorney or accountant on behalf of a client. However, the sale of the property or service to the attorney or accountant is not a sale for resale if this deduction is taken. This deduction may only be taken if the amount to be deducted represents an expense specifically incurred for a particular client and the amount is itemized and separately billed as a reimbursable expense by the attorney or accountant.</span></p><p dir="ltr" class="s2038793Normal"><span xml:space="preserve" class="s2038793000001"> </span></p><p dir="ltr" class="s2038793Normal"><span class="s2038793SCL">Source:</span><span xml:space="preserve" class="s2038793SCL-000002"> SL 1983, ch 94; SL 1984, ch 254, §§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=1-31"><span class="s2038793SCL-000002">1-31</span></a><span class="s2038793SCL-000002">; SL 2008, ch 51, § 23; SL 2010, ch 57, § 1.</span></p></div></body></html>