Online Form Now Available for Reporting Annual Tobacco Sales


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For immediate release:   Tuesday, Nov. 9, 2010

 

For more information:     Contact Jan Talley, Director, or Jane Page, Assistant

                                               Director, Business Tax Division at (605) 773-3311

 

 

Online Form Now Available for Reporting Annual Tobacco Sales

 

PIERRE, S.D. –The Annual Tobacco Sales Reporting Form, as listed in South Dakota Codified Law 34-46-18 and SDCL 34-46-19, is now available from the South Dakota Department of Revenue and Regulation for qualified business establishments that want to permit smoking on their premises.

 

With the recent voter passage of Referred Law 12, licensed establishments meeting the requirements of SDCL 34-46-18 as a “cigar bar” must annually report to the Department the amount of revenue generated from sales of cigars as a percentage of annual gross income. The establishment must generate ten percent or more of its annual gross income from cigar sales.

 

Any retail tobacco store that wants to meet the requirements of SDCL 34-46-19 must annually report to the Department of Revenue and Regulation the revenue generated from the sale of tobacco, tobacco products, and accessories for such products as a percentage of annual gross income. Sixty-five percent of the store’s annual gross income must be generated from the sale of tobacco, tobacco products, and accessories for such products.

 

Filers who meet the income requirements will receive a confirmation from the Department indicating that the annual filing requirement for the applicable statute has been completed.

 

The Annual Tobacco Sales Reporting Form can be accessed through the Business Tax General Forms section of the Department’s website at www.state.sd.us/drr or by calling the Taxpayer Assistance Helpline at 1-800-829-9188.

 

 

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