Sections 28-1-75, 28-1-76 - Amount of quarterly refund of estimated sales tax. Deduction of food stamp benefits - South-dakota Statutes

State Codes and Statutes

Statutes > South-dakota > Title-28 > Chapter-01 > Statutes-28-1-75-28-1-76

28-1-75. Amount of quarterly refund of estimated sales tax. The estimate of sales tax on food paid or refund awarded under this program shall be determined based on:
(1) The thrifty food plan as adopted and updated annually in administrative rules promulgated by the Department of Social Services pursuant to chapter 1-26; and
(2) The number of individuals in the household.
A monthly allotment shall be determined based on the thrifty food plan's maximum allotment and the corresponding number of individuals in the household. Once the monthly allotment is determined, it shall be annualized and multiplied by the average sales tax rate in South Dakota as determined by the Department of Revenue and Regulation. This shall be the annual level of refund eligible for the household. The annual refund shall be converted to a quarterly refund. This shall be the amount of eligible refund to the household.

Source: SL 2004, ch 187, § 8; SL 2005, ch 147, § 2.

State Codes and Statutes

Statutes > South-dakota > Title-28 > Chapter-01 > Statutes-28-1-75-28-1-76

28-1-75. Amount of quarterly refund of estimated sales tax. The estimate of sales tax on food paid or refund awarded under this program shall be determined based on:
(1) The thrifty food plan as adopted and updated annually in administrative rules promulgated by the Department of Social Services pursuant to chapter 1-26; and
(2) The number of individuals in the household.
A monthly allotment shall be determined based on the thrifty food plan's maximum allotment and the corresponding number of individuals in the household. Once the monthly allotment is determined, it shall be annualized and multiplied by the average sales tax rate in South Dakota as determined by the Department of Revenue and Regulation. This shall be the annual level of refund eligible for the household. The annual refund shall be converted to a quarterly refund. This shall be the amount of eligible refund to the household.

Source: SL 2004, ch 187, § 8; SL 2005, ch 147, § 2.

State Codes and Statutes

Back To Homepage

State Codes and Statutes

Statutes > South-dakota > Title-28 > Chapter-01 > Statutes-28-1-75-28-1-76

28-1-75. Amount of quarterly refund of estimated sales tax. The estimate of sales tax on food paid or refund awarded under this program shall be determined based on:
(1) The thrifty food plan as adopted and updated annually in administrative rules promulgated by the Department of Social Services pursuant to chapter 1-26; and
(2) The number of individuals in the household.
A monthly allotment shall be determined based on the thrifty food plan's maximum allotment and the corresponding number of individuals in the household. Once the monthly allotment is determined, it shall be annualized and multiplied by the average sales tax rate in South Dakota as determined by the Department of Revenue and Regulation. This shall be the annual level of refund eligible for the household. The annual refund shall be converted to a quarterly refund. This shall be the amount of eligible refund to the household.

Source: SL 2004, ch 187, § 8; SL 2005, ch 147, § 2.