The Annual Tobacco Sales Reporting Form is now available from the South Dakota Department of Revenue and Regulation for qualified business establishments that want to allow 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 the amount of revenue generated from sales of cigars as a percentage of annual gross income. The business must generate 10 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 indicating that the annual filing requirement for the applicable statute has been completed.

source: argusleader.com

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