{"data":{"id":"us-sd/sdcl-42-7b-28.2","jurisdiction":"us-sd","citation":"SDCL § 42-7B-28.2","heading":"Calculation of adjusted gross proceeds.","body":"When calculating adjusted gross proceeds for the purpose of applying the tax imposed by §§ 42-7B-28 and 42-7B-28.1:\n(1) Free play value provided by the operator is not included in the gross proceeds;\n(2) Cash prizes deducted are adjusted to not include an amount equal to ninety percent of the free play value provided by the operator; and\n(3) The federal excise tax on sports wagers imposed by 26 U.S.C. § 4401 (1982) is a deduction from the adjusted gross proceeds.","path":["TITLE 42. RECREATION AND SPORTS","CHAPTER 42-7B. LIMITED CARD GAMES, SLOT MACHINES, CRAPS, ROULETTE, AND KENO"],"source_url":"https://sdlegislature.gov/Statutes/42-7B-28.2","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"da3418413307ed090e0b70229b7d86187040d226a448c9aa59f520ad1ec90d50","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-42-7b-28.1","next":"us-sd/sdcl-42-7b-29"},"notice":"GroundRules: Original legal text. Not legal advice."}