S.D. Admin. R. 64:28:15:01

Current through Register Vol. 51, page 67, December 16, 2024

Section 64:28:15:01 - Rental company excise tax exemption-Conditions for eligibility

Regardless of whether an exemption was previously granted, to be eligible for a rental company excise tax exemption, rental companies seeking a motor vehicle excise tax exemption under SDCL subdivision 32-5B-2(18) must:

(1) Hold a valid sales tax license in good standing pursuant to SDCL chapter 10-45;

(2) Operate a place of business as defined in § 64:28:15:02; and

(3) Maintain proper records at the rental company's principal place of business that would provide evidence supporting the business qualification for the exemption.

S.D. Admin. R. 64:28:15:01

50 SDR 157, effective 7/1/2024

General Authority: SDCL 32-5B-15.

Law Implemented: SDCL 32-5B-1.2, 32-5B-2(18).

Rental vehicle and leased vehicle defined, SDCL 32-5B-19.