AN ACT
ENTITLED, An Act to
exempt the sale of coins, currency, and bullion from sales and use taxes.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
Section 1. That chapter 10-45 be amended by adding thereto a NEW SECTION to read as follows:
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
Section 1. That chapter 10-45 be amended by adding thereto a NEW SECTION to read as follows:
There are hereby specifically exempted from the provisions of this chapter and from the
computation of the amount of tax imposed by it, gross receipts from the sale of coins, currency, or
bullion. For the purposes of this section, the term, bullion, means any bar, ingot, or commemorative
medallion of gold, silver, platinum, palladium, or a combination of these metals where the value of
the metal depends on its content and not the form. For the purposes of this section, the terms, coins
and currency, mean any coins or currency made of gold, silver, or other metal or paper which is or
has been used as legal tender.
Section 2. That chapter 10-46 be amended by adding thereto a NEW SECTION to read as follows:
Section 2. That chapter 10-46 be amended by adding thereto a NEW SECTION to read as follows:
There are hereby specifically exempted from the provisions of this chapter and from the
computation of the amount of tax imposed by it, gross receipts from the sale of coins, currency, or
bullion. For the purposes of this section, the term, bullion, means any bar, ingot, or commemorative
medallion of gold, silver, platinum, palladium, or a combination of these metals where the value of
the metal depends on its content and not the form. For the purposes of this section, the terms, coins
and currency, mean any coins or currency made of gold, silver, or other metal or paper which is or
has been used as legal tender.
An Act to exempt the sale of coins, currency, and bullion from sales and use taxes.
An Act to exempt the sale of coins, currency, and bullion from sales and use taxes.
I certify that the attached Act originated in the
HOUSE as
Bill
No.
1151
____________________________ Chief Clerk ____________________________ Speaker of the House
Attest:
____________________________ Chief Clerk
____________________________
Attest:
____________________________ Secretary of the Senate
House
Bill
No.
1151
File No. ____ Chapter No. ______ |
Received at this Executive Office this _____ day of _____________ ,
20____ at ____________ M.
By _________________________ for the Governor
The attached Act is hereby
approved this ________ day of
______________ , A.D., 20___
____________________________ Governor STATE OF SOUTH DAKOTA, ss. Office of the Secretary of State
Filed ____________ , 20___
____________________________ Secretary of State
By _________________________ |