10-46E-2. Tax imposed on use, storage, and consumption of farm machinery, attachment units, and irrigation equipment purchased or leased for use in state--Rate.
An excise tax is hereby imposed on the privilege of the use, storage, and consumption in this state of farm machinery, attachment units, and irrigation equipment used exclusively for agricultural purposes purchased or leased for use in this state at the same rate of the purchase price of said property as imposed pursuant to §10-46E-1.
Source: SL 2006, ch 58, §2.
Structure South Dakota Codified Laws
Chapter 46E - Excise Tax On Farm Machinery, Farm Attachment Units,
Section 10-46E-4 - Farm machinery defined.
Section 10-46E-6 - Tax collection and administration.
Section 10-46E-7 - Filing of returns and payment of tax due.
Section 10-46E-8 - Application of chapters 10-45 and 10-46.
Section 10-46E-9 - Revenue deposited in general fund.
Section 10-46E-10 - Rental of fertilizer and pesticide devices exempt--Conditions.
Section 10-46E-11 - Promulgation of rules.