Section 10-45B-8 - Frequency of claim submission--Payment--Portion withheld--No interest--Electronicfunds transfer. - South-dakota Statutes

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10-45B-8. Frequency of claim submission--Payment--Portion withheld--No interest--Electronic funds transfer. Any person issued a permit pursuant to this chapter shall submit a claim for refund to the department no more frequently than on or before the last day of each month and no less frequently than on or before the last day of each month following each calendar quarter. The secretary shall determine and pay the amount of the tax refund within ninety days of receipt of the claim for refund. However, no refund claim may be paid until on or after the construction date. Ninety-five percent of the amount of refund shall be paid to the claimant in accordance with §§ 10-59-22 and 10-59-23, and five percent shall be withheld by the department. No interest may be paid on the refund amount. The secretary shall pay the refund by electronic funds transfer.

Source: SL 1991, ch 105, § 7; SL 1997, ch 70, § 7; SL 2005, ch 78, § 9; SL 2009, ch 51, § 1; SL 2010, ch 61, § 10; SL 2010, ch 62, § 2.

State Codes and Statutes

Statutes > South-dakota > Title-10 > Chapter-45b > Statute-10-45b-8

10-45B-8. Frequency of claim submission--Payment--Portion withheld--No interest--Electronic funds transfer. Any person issued a permit pursuant to this chapter shall submit a claim for refund to the department no more frequently than on or before the last day of each month and no less frequently than on or before the last day of each month following each calendar quarter. The secretary shall determine and pay the amount of the tax refund within ninety days of receipt of the claim for refund. However, no refund claim may be paid until on or after the construction date. Ninety-five percent of the amount of refund shall be paid to the claimant in accordance with §§ 10-59-22 and 10-59-23, and five percent shall be withheld by the department. No interest may be paid on the refund amount. The secretary shall pay the refund by electronic funds transfer.

Source: SL 1991, ch 105, § 7; SL 1997, ch 70, § 7; SL 2005, ch 78, § 9; SL 2009, ch 51, § 1; SL 2010, ch 61, § 10; SL 2010, ch 62, § 2.

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Statutes > South-dakota > Title-10 > Chapter-45b > Statute-10-45b-8

10-45B-8. Frequency of claim submission--Payment--Portion withheld--No interest--Electronic funds transfer. Any person issued a permit pursuant to this chapter shall submit a claim for refund to the department no more frequently than on or before the last day of each month and no less frequently than on or before the last day of each month following each calendar quarter. The secretary shall determine and pay the amount of the tax refund within ninety days of receipt of the claim for refund. However, no refund claim may be paid until on or after the construction date. Ninety-five percent of the amount of refund shall be paid to the claimant in accordance with §§ 10-59-22 and 10-59-23, and five percent shall be withheld by the department. No interest may be paid on the refund amount. The secretary shall pay the refund by electronic funds transfer.

Source: SL 1991, ch 105, § 7; SL 1997, ch 70, § 7; SL 2005, ch 78, § 9; SL 2009, ch 51, § 1; SL 2010, ch 61, § 10; SL 2010, ch 62, § 2.