2017 Session Laws

CHAPTER 132

(SB 69)

Excise tax on new motor vehicle licensed by dealer.


        ENTITLED, An Act to revise the tax required when a new motor vehicle dealer licenses a new motor vehicle.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:

    Section 1. That § 32-5B-1.4 be amended to read:

    32-5B-1.4. A licensed motor vehicle dealer who sells new motor vehicles and has a franchise for that particular motor vehicle may license a new motor vehicle which is part of the dealer's inventory. If the dealer licenses the motor vehicle, the dealer shall title the motor vehicle and pay the excise tax imposed pursuant to § 32-5B-1 on the manufacturer's suggested dealer list actual purchase price of the motor vehicle. The next purchaser is exempt from the excise tax.

     Signed March 8, 2017
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