Section 10-43-50 - Time of examination of return and determination of tax by secretary--Payment ofexcess found due.
10-43-50. Time of examination of return and determination of tax by secretary--Payment of excess found due. As soon as practicable and in any event within three years after the return is filed, the secretary of revenue and regulation shall examine it and determine the correct amount of tax, and the amount so determined by the secretary is the tax. If the tax found due is greater than the amount previously paid, the excess, together with interest and penalty as provided in § 10-59-6 shall be paid by the taxpayer within ten days after the secretary gives notice to the taxpayer by registered or certified mail.
Source: SDC 1939, § 57.2803 (1); SL 1983, ch 83, § 1; SL 1986, ch 111, § 35; SL 2003, ch 272, § 82.