<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 10-55A-6 - Credit of overpaid taxes against future taxes--Eligibility for refund. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2039560Normal { 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.s2039560SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2039560CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2039560Normal-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.s2039560DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2039560Normal-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.s2039560000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2039560SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2039560SCL-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="s2039560Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=10-55A-6"><span class="s2039560SENU">10-55A-6</span></a><span xml:space="preserve" class="s2039560SENU">. </span><span class="s2039560CL">Credit of overpaid taxes against future taxes--Eligibility for refund.</span></p><p dir="ltr" class="s2039560Normal-000000"><span class="s2039560DefaultParagraphFont">The secretary shall credit any recovery of overpaid taxes against the future taxes of the taxpayer, except:</span></p><p dir="ltr" class="s2039560Normal-000001"><span class="s2039560DefaultParagraphFont">(1)    A taxpayer having no future tax obligations may receive a refund; or</span></p><p dir="ltr" class="s2039560Normal-000001"><span class="s2039560DefaultParagraphFont">(2)    A taxpayer whose recovery credit is not used within one year may receive a refund equal to the amount of recovery credit unused at the end of the one year period.</span></p><p dir="ltr" class="s2039560Normal"><span xml:space="preserve" class="s2039560000002"> </span></p><p dir="ltr" class="s2039560Normal"><span class="s2039560SCL">Source:</span><span xml:space="preserve" class="s2039560SCL-000003"> SL 1982, ch 99, § 6.</span></p></div></body></html>