South Dakota Codified Laws
Chapter 05B - Excise Tax On Motor Vehicles
Section 32-5B-21 - Applicability of tax on leased vehicles--Leasing information required.

32-5B-21. Applicability of tax on leased vehicles--Leasing information required.
The tax imposed by §§32-5B-1, 32-5B-1.1, 32-5B-4(7), and 32-5B-21 to 32-5B-24, inclusive, and calculated in the manner set out in § 32-5B-4 on the sale or use of leased vehicles subject to titling and registration applies to vehicles with a gross vehicle weight ratings of less than sixteen thousand pounds or vehicles defined in subdivision 32-9-3(3), including motorcycles and motorized bicycles. No certificate of title may be issued until the tax is paid.
The county treasurer shall require every applicant for registration of a vehicle subject to tax under §§32-5B-1, 32-5B-1.1, 32-5B-4(7), and 32-5B-21 to 32-5B-24, inclusive, to supply information as is deemed necessary as to the date of the lease transaction, the lease price, and other information relative to the lease of the vehicle.

Source: SL 2000, ch 145, §4; SL 2001, ch 167, §1; SL 2006, ch 161, §1.

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Structure South Dakota Codified Laws

South Dakota Codified Laws

Title 32 - Motor Vehicles

Chapter 05B - Excise Tax On Motor Vehicles

Section 32-5B-1 - Imposition of tax--Rate--Failure to pay as misdemeanor.

Section 32-5B-1.1 - Licensing and payment of tax on leased vehicles--Assessment of tax upon purchase by lessee--Lessor to assign title and certify price, fees and title.

Section 32-5B-1.2 - Leasing or rental company separate from dealership--Distinct name--Daily rental operations--Exemption from excise tax.

Section 32-5B-1.3 - Licensing and titling of used vehicle by dealer--Payment of tax by subsequent purchaser.

Section 32-5B-1.4 - Licensing and payment of excise tax on new vehicle by dealer.

Section 32-5B-1.5 - Payment of excise tax by dealer required to take title--Subsequent purchaser not exempt.