<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 10-52A-1.1 - Gross receipts defined. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2039530Normal { 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.s2039530SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2039530CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2039530Normal-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.s2039530DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2039530Normal-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.s2039530000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2039530SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2039530SCL-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="s2039530Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=10-52A-1.1"><span class="s2039530SENU">10-52A-1.1</span></a><span xml:space="preserve" class="s2039530SENU">. </span><span class="s2039530CL">Gross receipts defined.</span></p><p dir="ltr" class="s2039530Normal-000000"><span class="s2039530DefaultParagraphFont">For the purposes of this chapter, the term, gross receipts, means the total amount or consideration, including cash, credit, property, and services, for which tangible personal property, any product transferred electronically, or services are sold, leased, or rented, valued in money, whether received in money or otherwise, without any deduction for the following:</span></p><p dir="ltr" class="s2039530Normal-000001"><span class="s2039530DefaultParagraphFont">(1)    The retailer's cost of the property or service sold;</span></p><p dir="ltr" class="s2039530Normal-000001"><span class="s2039530DefaultParagraphFont">(2)    The cost of materials used, labor or service cost, interest, losses, all costs of transportation to the retailer, all taxes imposed on the retailer, and any other expense of the retailer; and</span></p><p dir="ltr" class="s2039530Normal-000001"><span xml:space="preserve" class="s2039530DefaultParagraphFont">(3)    Except as provided in chapter </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=10-46A"><span class="s2039530DefaultParagraphFont">10-46A</span></a><span xml:space="preserve" class="s2039530DefaultParagraphFont"> or </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=10-46B"><span class="s2039530DefaultParagraphFont">10-46B</span></a><span class="s2039530DefaultParagraphFont">, charges by the retailer for any services necessary to complete the sale whether or not separately stated, including delivery charges.</span></p><p dir="ltr" class="s2039530Normal"><span xml:space="preserve" class="s2039530000002"> </span></p><p dir="ltr" class="s2039530Normal"><span class="s2039530SCL">Source:</span><span xml:space="preserve" class="s2039530SCL-000003"> SL 2007, ch 56, § 6; SL 2008, ch 51, § 66.</span></p></div></body></html>