<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><title></title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s7687367f-dbb6-4c8b-ae12-debc682ac1fcP0 { margin-top: 0; margin-bottom: 0; margin-left: 0; margin-right: 0; text-indent: 0.00in; text-align: justify; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; } span.s7687367f-dbb6-4c8b-ae12-debc682ac1fcC0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s7687367f-dbb6-4c8b-ae12-debc682ac1fcC0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s7687367f-dbb6-4c8b-ae12-debc682ac1fcC0-000001 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s7687367f-dbb6-4c8b-ae12-debc682ac1fc000002 { color: black; background: white; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s7687367f-dbb6-4c8b-ae12-debc682ac1fcC0-000003 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s7687367f-dbb6-4c8b-ae12-debc682ac1fcP0"><span xml:space="preserve" class="s7687367f-dbb6-4c8b-ae12-debc682ac1fcC0">    </span><a href="https://sdlegislature.gov/Rules?Rule=64:06:01:43"><span class="s7687367f-dbb6-4c8b-ae12-debc682ac1fcC0-000000">64:06:01:43</span></a><span class="s7687367f-dbb6-4c8b-ae12-debc682ac1fcC0-000001">.  Sales by loan or finance companies.</span><span xml:space="preserve" class="s7687367f-dbb6-4c8b-ae12-debc682ac1fcC0"> Companies who repossess or acquire tangible personal property or any product transferred electronically in connection with their loan or finance business and who sell such property at retail are required to pay sales tax on the receipts.</span></p><p dir="ltr" class="s7687367f-dbb6-4c8b-ae12-debc682ac1fcP0"><span xml:space="preserve" class="s7687367f-dbb6-4c8b-ae12-debc682ac1fc000002"> </span></p><p dir="ltr" class="s7687367f-dbb6-4c8b-ae12-debc682ac1fcP0"><span xml:space="preserve" class="s7687367f-dbb6-4c8b-ae12-debc682ac1fcC0">    </span><span class="s7687367f-dbb6-4c8b-ae12-debc682ac1fcC0-000001">Source:</span><span xml:space="preserve" class="s7687367f-dbb6-4c8b-ae12-debc682ac1fcC0"> SL 1975, ch 16, § 1; 13 SDR 129, 13 SDR 134, effective July 1, 1987; 21 SDR 219, effective July 1, 1995; 35 SDR 48, effective September 8, 2008.</span></p><p dir="ltr" class="s7687367f-dbb6-4c8b-ae12-debc682ac1fcP0"><span xml:space="preserve" class="s7687367f-dbb6-4c8b-ae12-debc682ac1fcC0">    </span><span class="s7687367f-dbb6-4c8b-ae12-debc682ac1fcC0-000001">General Authority:</span><span xml:space="preserve" class="s7687367f-dbb6-4c8b-ae12-debc682ac1fcC0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=10-45-47.1"><span class="s7687367f-dbb6-4c8b-ae12-debc682ac1fcC0-000003">10-45-47.1</span></a><span class="s7687367f-dbb6-4c8b-ae12-debc682ac1fcC0">(3).</span></p><p dir="ltr" class="s7687367f-dbb6-4c8b-ae12-debc682ac1fcP0"><span xml:space="preserve" class="s7687367f-dbb6-4c8b-ae12-debc682ac1fcC0">    </span><span class="s7687367f-dbb6-4c8b-ae12-debc682ac1fcC0-000001">Law Implemented:</span><span xml:space="preserve" class="s7687367f-dbb6-4c8b-ae12-debc682ac1fcC0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=10-45-2"><span class="s7687367f-dbb6-4c8b-ae12-debc682ac1fcC0-000003">10-45-2</span></a><span xml:space="preserve" class="s7687367f-dbb6-4c8b-ae12-debc682ac1fcC0">, </span><a href="https://sdlegislature.gov/Statutes?Statute=10-45-2.4"><span class="s7687367f-dbb6-4c8b-ae12-debc682ac1fcC0-000003">10-45</span><span class="s7687367f-dbb6-4c8b-ae12-debc682ac1fcC0-000003">-</span><span class="s7687367f-dbb6-4c8b-ae12-debc682ac1fcC0-000003">2.4</span></a><span class="s7687367f-dbb6-4c8b-ae12-debc682ac1fcC0">.</span></p><p dir="ltr" class="s7687367f-dbb6-4c8b-ae12-debc682ac1fcP0"><span xml:space="preserve" class="s7687367f-dbb6-4c8b-ae12-debc682ac1fc000002"> </span></p></div></body></html>