AMENDMENT FOR SENATE TAXATION COMMITTEE ENGROSSED BILL
69fd
_________________ moved that SB 69 be amended as follows:
On page
1
,
delete lines
11
to
16 of the Senate Taxation committee engrossed bill
, inclusive
,
and insert "
by a contractor or subcontractor in South Dakota and used by such contractor or
subcontractor outside of South Dakota is exempt from the provisions of this chapter if:
(1) The fabricated property is used outside of South Dakota in the performance of a
contract for any public corporation of any other state of the United States or the
District of Columbia or any organization, located in any other state or the District of
Columbia, that has been recognized as an exempt organization under
§
501(c)(3) of
the Internal Revenue Code; and
(2) The contract, including the fabricated property, is exempt from the sales and use tax
of such other state.
The value of the tangible property shall
"
.