South Dakota § 10-43-50.2 - Supplementary return for taxable income decrease due to federal adjustment--Refund for overpayment.
Full text of South Dakota South Dakota Codified Laws § 10-43-50.2 — Supplementary return for taxable income decrease due to federal adjustment--Refund for overpayment., with citation guidance and answers to common questions.
§ 10-43-50.2. Supplementary return for taxable income decrease due to federal adjustment--Refund for overpayment.
A taxpayer who has filed a return with the department for a specific tax year and subsequently has a change or correction to the taxpayer's net income, as a result of audit or adjustment by the United States, that decreases the taxpayer's taxable income in this state, may report the change or correction in writing to the secretary. The report shall be in the form of a supplementary return and shall be filed within one hundred twenty days of the final adjustment by the United States. Any refund for overpayment of tax, penalty, or interest shall be made pursuant to §§ 10-59-22, 10-59-22.1, 10-59-23, and 10-59-24. The provisions of this section apply notwithstanding §§ 10-59-17 and 10-59-19.
No court has jurisdiction of a suit to recover the taxes, penalties, or interest unless the taxpayer seeking the recovery of the tax complies with the provisions of this section.
Source: SL 2016, ch 63, § 2.
Frequently Asked Questions About South Dakota § 10-43-50.2
What does South Dakota Codified Laws § 10-43-50.2 cover?
Section 10-43-50.2 ("Supplementary return for taxable income decrease due to federal adjustment--Refund for overpayment.") is part of the South Dakota Codified Laws, the codified statutory law of South Dakota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Dakota § 10-43-50.2?
A common citation format is "South Dakota Codified Laws § 10-43-50.2" (South Dakota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Dakota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Dakota official source linked on this page or consult a licensed South Dakota attorney.
How does South Dakota § 10-43-50.2 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Dakota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Dakota.