<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-1.2 - Conditions under which gross receipts include consideration retailer received from third parties. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2039531Normal { 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.s2039531SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2039531CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2039531Normal-000000 { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; 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font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2039531SCL-000005 { 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="s2039531Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=10-52A-1.2"><span class="s2039531SENU">10-52A-1.2</span></a><span xml:space="preserve" class="s2039531SENU">. </span><span class="s2039531CL">Conditions under which gross receipts include consideration retailer received from third parties.</span></p><p dir="ltr" class="s2039531Normal-000000"><span xml:space="preserve" class="s2039531DefaultParagraphFont">Gross receipts, as defined in § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=10-52A-1.1"><span class="s2039531DefaultParagraphFont">10-52A-1.1</span></a><span class="s2039531DefaultParagraphFont">, include consideration received by the retailer from third parties if:</span></p><p dir="ltr" class="s2039531Normal-000001"><span class="s2039531DefaultParagraphFont">(1)    The retailer actually receives consideration from a party other than the purchaser and the consideration is directly related to a price reduction or discount on the sale;</span></p><p dir="ltr" class="s2039531Normal-000001"><span class="s2039531DefaultParagraphFont">(2)    The retailer has an obligation to pass the price reduction or discount through to the purchaser;</span></p><p dir="ltr" class="s2039531Normal-000001"><span class="s2039531DefaultParagraphFont">(3)    The amount of the consideration attributable to the sale is fixed and determinable by the retailer at the time of the sale of the item to the purchaser; and</span></p><p dir="ltr" class="s2039531Normal-000001"><span class="s2039531DefaultParagraphFont">(4)    One of the following criteria is met:</span></p><p dir="ltr" class="s2039531Normal-000002"><span class="s2039531DefaultParagraphFont">(a)    The purchaser presents a coupon, certificate, or other documentation to the retailer to claim a price reduction or discount where the coupon, certificate, or documentation is authorized, distributed, or granted by a third party with the understanding that the third party will reimburse any retailer to whom the coupon, certificate, or documentation is presented;</span></p><p dir="ltr" class="s2039531Normal-000002"><span class="s2039531DefaultParagraphFont">(b)    The purchaser identifies himself or herself to the retailer as a member of a group or organization entitled to a price reduction or discount (a preferred customer card that is available to any patron does not constitute membership in such a group); or</span></p><p dir="ltr" class="s2039531Normal-000002"><span class="s2039531DefaultParagraphFont">(c)    The price reduction or discount is identified as a third party price reduction or discount on the invoice received by the purchaser or on a coupon, certificate, or other documentation presented by the purchaser.</span></p><p dir="ltr" class="s2039531Normal-000003"><span class="s2039531DefaultParagraphFont">For the purposes of this section, the purchaser is the end consumer.</span></p><p dir="ltr" class="s2039531Normal"><span xml:space="preserve" class="s2039531000004"> </span></p><p dir="ltr" class="s2039531Normal"><span class="s2039531SCL">Source:</span><span xml:space="preserve" class="s2039531SCL-000005"> SL 2007, ch 56, § 7.</span></p></div></body></html>