13-65-8. Receipts for contributions--Reporting of each contribution.
The division shall provide a standardized format for a receipt to be issued by the scholarship granting organization to a company to indicate the value of a contribution received. The division shall require a company to provide a copy of this receipt when claiming the tax credit established in this chapter. Prior to accepting any contribution from any company, the scholarship granting organization shall first verify with the division that the limit on the total amount of tax credits allowed pursuant to §13-65-3 has not yet been reached for the current fiscal year. The scholarship granting organization shall report to the division the name of the insurance company, date, and amount for each contribution received from an insurance company seeking a tax credit pursuant to §13-65-2 within thirty days of the date of the contribution.
Source: SL 2016, ch 102, §8.
Structure South Dakota Codified Laws
Chapter 65 - Partners In Education Tax Credit Program
Section 13-65-1 - Definitions.
Section 13-65-2 - Partners in education tax credit program established.
Section 13-65-3 - Limit on tax credits.
Section 13-65-3.1 - Tax credits reducing quarterly payments.
Section 13-65-4 - Requirements for scholarship granting organizations.
Section 13-65-5 - Annual financial information reports.
Section 13-65-6 - Responsibilities of eligible students and their parents.
Section 13-65-7 - Promulgation of rules.
Section 13-65-8 - Receipts for contributions--Reporting of each contribution.
Section 13-65-9 - Annual report of contributions.
Section 13-65-10 - Financial review or audit.
Section 13-65-11 - Applicability of chapter.
Section 13-65-12 - Regulatory authority over nonpublic schools not expanded.