Form 592 - South Dakota Ethanol Producer Return (Page 2 of 5) in pdf

must also be identified on all bills of lading. The titles “Unlisted” and/or “Unknown” are

not acceptable names for the Consignee listed on the bill of lading, since the Supplier

should know who is purchasing the fuel. If a shipment is going to multiple locations in a

state, the title “Various” may be used on the bill of lading to identify destination cities, but

the titles “Unlisted” and/or “Unknown” are not acceptable. Bills of lading will also be

retained in their original format, film retrieval or electronic media.

The Secretary of Revenue & Regulation may require other pertinent records and papers

necessary for the enforcement of fuel tax laws, including purchase records, journals,

ledgers, payment records and banking records.

Sales Records

Licensed Ethanol Producers must keep all sales invoices which must show the following:

• The seller’s name and address, which shall be machine-printed or rubber stamped;

• The purchaser’s name and address;

• The date of sale and delivery of the fuel;

• The number of gallons sold and delivered to the purchaser, the type of fuel and if

diesel whether it was dyed or undyed;

• The price charged per gallon;

• The amount of fuel tax or sales tax charged, if any; and

• The total amount of the sales invoice

All invoices must be prepared on NCR (no carbon required) paper with double-faced

carbon so that the back of the invoice bears a carbon impression of the data on the front.

Other Records Required of Ethanol Producers

Ethanol Producers are required to maintain inventory records that show the total gallons on

hand at the beginning of the month, the total gallons produced during the month, the total

gallons sold during the month, and the total gallons remaining in storage at the end of the

month. Ethanol Producers must keep records that show the total number of ethyl alcohol

gallons produced out of state each month. Total gallons of natural gasoline and/or gasoline

used to denature the alcohol during the reporting period are also required.

Ethanol Producers are required to keep all alcohol denaturing records. The Ethanol

Producer may denature alcohol by adding gasoline or natural gasoline to it in amounts

equal to at least 5 gallons of gasoline for each 95 gallons of alcohol. The alcohol may also

be denatured by any other method common in the industry.

The Secretary of Revenue & Regulation may require other pertinent records and papers

necessary for the enforcement of fuel tax laws, including purchase records, journals,

ledgers, payment records and banking records.

Ethanol Producer Uniform Schedules of Disbursements

Uniform Schedules of Disbursements are required to be filed by Ethanol Producers with

each monthly tax return. The schedule must show each individual transaction that takes

place during the month. The license number of the purchaser that is entered on the

Form 592 - South Dakota Ethanol Producer Return Page 2