10-62-7. Books and records--Inspection--Retention period.
Each person subject to tax under this chapter shall keep records and books of all receipts, together with invoices, and other pertinent papers and documents. The books and records and other papers and documents are, at all times during business hours of the day, subject to inspection by the secretary of revenue or the secretary's agents and employees to determine the amount of tax due. The books and records shall be preserved for a period of three years unless the secretary of revenue, in writing, authorized their destruction or disposal at an earlier date.
Source: SL 2007, ch 69, §7; SL 2011, ch 1 (Ex. Ord. 11-1), §161, eff. Apr. 12, 2011.
Structure South Dakota Codified Laws
Chapter 62 - Taxation Of Intermediate Care Facilities For Individuals With Intellectual Disabilities
Section 10-62-1 - Definitions.
Section 10-62-2 - Tax imposed on net revenues.
Section 10-62-3 - Collection and administration.
Section 10-62-5 - Promulgation of rules.
Section 10-62-6 - Prohibited acts--Misdemeanor or felony.
Section 10-62-7 - Books and records--Inspection--Retention period.
Section 10-62-8 - Taxes credited to general fund.
Section 10-62-9 - Implementation upon receipt of medicaid state plan amendment.