Section 10-43-43.1 - Records kept by taxpayers--Inspection by secretary--Out-of-state records.
10-43-43.1. Records kept by taxpayers--Inspection by secretary--Out-of-state records. Every person subject to tax under this chapter shall make and keep for a period of six years such records as required by the secretary of revenue and regulation for the administration of this chapter. Such books and documents shall, at all times during business hours of the day, be subject to inspection by the secretary of revenue and regulation or his duly authorized agents and employees to determine the amount of tax due.
If in the normal conduct of the business, the required records are maintained and kept at an office outside the State of South Dakota, it shall be a sufficient compliance with this section if the records are made available for audit and examination by the Department of Revenue and Regulation at the office outside of South Dakota.
Source: SL 1976, ch 96, § 2; SL 2003, ch 272, § 82.