AN ACT
ENTITLED, An Act to change the taxation method used in the sale of certain off-road vehicles and
require that the sale of these vehicles be by licensed vehicle dealers.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
Section 1. That § 32-5B-1 be amended to read:
32-5B-1. In addition to all other license and registration fees for the use of the highways, a person shall pay an excise tax at the rate of four percent on the purchase price of any motor vehicle, as defined by § 32-3-1 or 32-5B-21, purchased or acquired for use on the streets and highways of this state and required to be registered under the laws of this state. A person shall pay an excise tax at the rate of four percent on the purchase of an off-road vehicle as defined by § 32-3-1 and required to be titled pursuant to § 32-20-12. This tax shall be in lieu of any tax levied by chapters 10-45, 10-46, and 10-46E on the sales of such vehicles. Failure to pay the full amount of excise tax is a Class 1 misdemeanor.
Section 2. That subdivision (22) of § 32-6B-1 be amended to read:
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
Section 1. That § 32-5B-1 be amended to read:
32-5B-1. In addition to all other license and registration fees for the use of the highways, a person shall pay an excise tax at the rate of four percent on the purchase price of any motor vehicle, as defined by § 32-3-1 or 32-5B-21, purchased or acquired for use on the streets and highways of this state and required to be registered under the laws of this state. A person shall pay an excise tax at the rate of four percent on the purchase of an off-road vehicle as defined by § 32-3-1 and required to be titled pursuant to § 32-20-12. This tax shall be in lieu of any tax levied by chapters 10-45, 10-46, and 10-46E on the sales of such vehicles. Failure to pay the full amount of excise tax is a Class 1 misdemeanor.
Section 2. That subdivision (22) of § 32-6B-1 be amended to read:
(22) "Vehicle," any new or used automobile, truck, truck tractor, motorcycle, off-road vehicle,
motor home, trailer, semitrailer or travel trailer of the type and kind required to be titled
and registered under chapters 32-3 and 32-5, or required to be titled under chapter 32-20
except manufactured homes, mobile homes, mopeds or snowmobiles;
Section 3. That § 32-6B-7 be amended to read:
32-6B-7. Before any license is issued, the applicant shall deliver to the department a good and sufficient surety bond, executed by the applicant as principal and by a surety company qualified to do business in the state as surety. The bond shall be for an amount based upon the type of license applied for, as follows:
32-6B-7. Before any license is issued, the applicant shall deliver to the department a good and sufficient surety bond, executed by the applicant as principal and by a surety company qualified to do business in the state as surety. The bond shall be for an amount based upon the type of license applied for, as follows:
(1) Vehicle dealer's license--$25,000;
(2) Used vehicle dealer's license--$25,000;
(3) Motorcycle and off-road vehicle dealer's license--$5,000;
(4) Trailer dealer's license--$10,000 for trailers weighing more than three thousand pounds;
or
(5) Emergency vehicle dealer's license--$10,000.
The bond shall be to the department and in favor of any customer who suffers any loss that may
be occasioned by reason of the failure of title or by reason of any fraudulent misrepresentation or
breaches of warranty as to freedom from liens. The bond shall be for the license period. A new bond
or a proper continuation certificate shall be delivered to the department at the beginning of each
license period. Any surety company that pays a claim against the bond of a licensee shall notify the
department, in writing, that it has paid such a claim. Any surety company that cancels the bond of
a licensee shall notify the department, in writing, of the cancellation, giving the reason for that
cancellation. If a claim is made to the department against the bond, which claim is based upon a final
judgment of a court of record of this state, the dealer shall execute an additional bond for the amount
necessary to maintain the security at the original level.
Section 4. That § 32-6B-12 be amended to read:
32-6B-12. Any dealer's license issued under this chapter shall be of the following classes:
Section 4. That § 32-6B-12 be amended to read:
32-6B-12. Any dealer's license issued under this chapter shall be of the following classes:
(1) "Vehicle dealer's license," a license that permits the licensee to engage in the business of
selling or exchanging new, or new and used, vehicles;
(2) "Used vehicle dealer's license," a license that permits the licensee to engage in the
business of selling or exchanging used vehicles only;
(3) "Motorcycle and off-road vehicle dealer's license," a license that permits the licensee to
engage in the business of selling or exchanging new or used motorcycles and new or used
off-road vehicles only;
(4) "Trailer dealer's license," a license that permits the licensee to engage in the business of
selling or exchanging trailers, semitrailers, recreational park trailers, or travel trailers only,
new or used;
(5) "Emergency vehicle dealer's license," a license that permits the licensee to engage in the
business of selling or exchanging new or used authorized emergency vehicles; or
(6) "Final stage manufacturer dealer's license," a license that permits the licensee to engage
in the business of selling or exchanging a previously assembled new motor vehicle chassis
cab that has been completed by the final stage manufacturer and to engage in the business
of selling or exchanging used motor vehicles.
A license certificate identifying the class of dealership and containing a distinguishing
identification number of licensee shall be issued by the department if the application is in compliance
with the provisions of this chapter.
Section 5. That § 32-6B-13 be amended to read:
32-6B-13. Upon making initial application for a dealer's license, the applicant shall pay a fee to the department. The initial fee required for each type of dealer's license is as follows:
Section 5. That § 32-6B-13 be amended to read:
32-6B-13. Upon making initial application for a dealer's license, the applicant shall pay a fee to the department. The initial fee required for each type of dealer's license is as follows:
(1) Vehicle dealer's license--$300;
(2) Used vehicle dealer's license--$300;
(3) Motorcycle and off-road vehicle dealer's license--$250;
(4) Trailer dealer's license--$125;
(5) Emergency vehicle dealer's license--$300; or
(6) Final stage manufacturer dealer's license--$300.
All money collected pursuant to this section shall be deposited in the state motor vehicle fund.
Section 6. That § 32-6B-15 be amended to read:
32-6B-15. A renewal application shall be submitted to the department annually, prior to the
Section 6. That § 32-6B-15 be amended to read:
32-6B-15. A renewal application shall be submitted to the department annually, prior to the
expiration of the old license. The applicant shall pay a fee based on the following schedule to the
department:
(1) Vehicle dealer's license--$175;
(2) Used vehicle dealer's license--$175;
(3) Motorcycle and off-road vehicle dealer's license--$150;
(4) Trailer dealer's license--$100; or
(5) Emergency vehicle dealer's license--$175.
The renewal application shall contain the same information as required for the initial application
in § 32-6B-6. Any application for renewal made after the expiration date shall be accompanied by
a fee in the amount of the initial license fee as established in § 32-6B-13.
Section 7. That chapter 32-5B be amended by adding a NEW SECTION to read:
Section 7. That chapter 32-5B be amended by adding a NEW SECTION to read:
All excise taxes collected on the purchase of an off-road vehicle as provided by § 32-5B-1 shall
be deposited in the state general fund.
An Act to change the taxation method used in the sale of certain off-road vehicles and require that the sale of these vehicles be by licensed vehicle dealers.
An Act to change the taxation method used in the sale of certain off-road vehicles and require that the sale of these vehicles be by licensed vehicle dealers.
|
I certify that the attached Act originated in the
HOUSE as Bill No. 1083
____________________________
Chief Clerk ____________________________
Speaker of the House
Attest:
____________________________
Chief Clerk
____________________________
Attest:
____________________________
Secretary of the Senate
House Bill No. 1083 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 _________________________ |
