<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.s1dea2669-2de5-4892-849b-9bf8145082feP0 { 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.s1dea2669-2de5-4892-849b-9bf8145082feC0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s1dea2669-2de5-4892-849b-9bf8145082feC0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s1dea2669-2de5-4892-849b-9bf8145082feC0-000001 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s1dea2669-2de5-4892-849b-9bf8145082feC0-000002 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s1dea2669-2de5-4892-849b-9bf8145082fe000003 { color: black; background: white; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s1dea2669-2de5-4892-849b-9bf8145082feP0"><span xml:space="preserve" class="s1dea2669-2de5-4892-849b-9bf8145082feC0">    </span><a href="https://sdlegislature.gov/Rules?Rule=64:28:15:01"><span class="s1dea2669-2de5-4892-849b-9bf8145082feC0-000000">64:28:15:01</span></a><span class="s1dea2669-2de5-4892-849b-9bf8145082feC0-000001">.  Rental company excise tax exemption--Conditions for eligibility.</span><span xml:space="preserve" class="s1dea2669-2de5-4892-849b-9bf8145082feC0"> </span><span xml:space="preserve" class="s1dea2669-2de5-4892-849b-9bf8145082feC0">Regardless of whether an exemption was previously granted, to be eligible for a rental company excise tax exemption, rental companies seeking a motor vehicle excise tax exemption under SDCL subdivision </span><a href="https://sdlegislature.gov/Statutes?Statute=32-5B-2"><span class="s1dea2669-2de5-4892-849b-9bf8145082feC0-000002">32-5B-2</span></a><span class="s1dea2669-2de5-4892-849b-9bf8145082feC0">(18) must</span><span class="s1dea2669-2de5-4892-849b-9bf8145082feC0">:</span></p><p dir="ltr" class="s1dea2669-2de5-4892-849b-9bf8145082feP0"><span xml:space="preserve" class="s1dea2669-2de5-4892-849b-9bf8145082fe000003"> </span></p><p dir="ltr" class="s1dea2669-2de5-4892-849b-9bf8145082feP0"><span xml:space="preserve" class="s1dea2669-2de5-4892-849b-9bf8145082feC0">    </span><span xml:space="preserve" class="s1dea2669-2de5-4892-849b-9bf8145082feC0">(1)  </span><span xml:space="preserve" class="s1dea2669-2de5-4892-849b-9bf8145082feC0">Hold a valid sales tax license in good standing pursuant to SDCL chapter </span><a href="https://sdlegislature.gov/Statutes?Statute=10-45"><span class="s1dea2669-2de5-4892-849b-9bf8145082feC0-000002">10-45</span></a><span class="s1dea2669-2de5-4892-849b-9bf8145082feC0">;</span></p><p dir="ltr" class="s1dea2669-2de5-4892-849b-9bf8145082feP0"><span xml:space="preserve" class="s1dea2669-2de5-4892-849b-9bf8145082fe000003"> </span></p><p dir="ltr" class="s1dea2669-2de5-4892-849b-9bf8145082feP0"><span xml:space="preserve" class="s1dea2669-2de5-4892-849b-9bf8145082feC0">    </span><span xml:space="preserve" class="s1dea2669-2de5-4892-849b-9bf8145082feC0">(2)  </span><span class="s1dea2669-2de5-4892-849b-9bf8145082feC0">Operate a place of business as defined in §</span><span xml:space="preserve" class="s1dea2669-2de5-4892-849b-9bf8145082feC0"> </span><a href="https://sdlegislature.gov/Rules?Rule=64:28:15:02"><span class="s1dea2669-2de5-4892-849b-9bf8145082feC0-000002">64:28:15:02</span></a><span class="s1dea2669-2de5-4892-849b-9bf8145082feC0">; and</span></p><p dir="ltr" class="s1dea2669-2de5-4892-849b-9bf8145082feP0"><span xml:space="preserve" class="s1dea2669-2de5-4892-849b-9bf8145082fe000003"> </span></p><p dir="ltr" class="s1dea2669-2de5-4892-849b-9bf8145082feP0"><span xml:space="preserve" class="s1dea2669-2de5-4892-849b-9bf8145082feC0">    (3)  </span><span class="s1dea2669-2de5-4892-849b-9bf8145082feC0">Maintain proper records at the rental company s principal place of business that would provide evidence supporting the business qualification for the exemption</span><span class="s1dea2669-2de5-4892-849b-9bf8145082feC0">.</span></p><p dir="ltr" class="s1dea2669-2de5-4892-849b-9bf8145082feP0"><span xml:space="preserve" class="s1dea2669-2de5-4892-849b-9bf8145082fe000003"> </span></p><p dir="ltr" class="s1dea2669-2de5-4892-849b-9bf8145082feP0"><span xml:space="preserve" class="s1dea2669-2de5-4892-849b-9bf8145082feC0">    </span><span class="s1dea2669-2de5-4892-849b-9bf8145082feC0-000001">Source:</span><span xml:space="preserve" class="s1dea2669-2de5-4892-849b-9bf8145082feC0"> </span><span class="s1dea2669-2de5-4892-849b-9bf8145082feC0">50 SDR 157, effective July 1, 2024</span><span class="s1dea2669-2de5-4892-849b-9bf8145082feC0">.</span></p><p dir="ltr" class="s1dea2669-2de5-4892-849b-9bf8145082feP0"><span xml:space="preserve" class="s1dea2669-2de5-4892-849b-9bf8145082feC0">    </span><span class="s1dea2669-2de5-4892-849b-9bf8145082feC0-000001">General Authority:</span><span xml:space="preserve" class="s1dea2669-2de5-4892-849b-9bf8145082feC0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=32-5B-15"><span class="s1dea2669-2de5-4892-849b-9bf8145082feC0-000002">32-5B-15</span></a><span class="s1dea2669-2de5-4892-849b-9bf8145082feC0">.</span></p><p dir="ltr" class="s1dea2669-2de5-4892-849b-9bf8145082feP0"><span xml:space="preserve" class="s1dea2669-2de5-4892-849b-9bf8145082feC0">    </span><span class="s1dea2669-2de5-4892-849b-9bf8145082feC0-000001">Law Implemented:</span><span xml:space="preserve" class="s1dea2669-2de5-4892-849b-9bf8145082feC0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=32-5B-1.2"><span class="s1dea2669-2de5-4892-849b-9bf8145082feC0-000002">32-5B-1.2</span></a><span xml:space="preserve" class="s1dea2669-2de5-4892-849b-9bf8145082feC0">, </span><a href="https://sdlegislature.gov/Statutes?Statute=32-5B-2"><span class="s1dea2669-2de5-4892-849b-9bf8145082feC0-000002">32-5B-2</span></a><span class="s1dea2669-2de5-4892-849b-9bf8145082feC0">(18)</span><span class="s1dea2669-2de5-4892-849b-9bf8145082feC0">.</span></p><p dir="ltr" class="s1dea2669-2de5-4892-849b-9bf8145082feP0"><span xml:space="preserve" class="s1dea2669-2de5-4892-849b-9bf8145082fe000003"> </span></p><p dir="ltr" class="s1dea2669-2de5-4892-849b-9bf8145082feP0"><span xml:space="preserve" class="s1dea2669-2de5-4892-849b-9bf8145082feC0">    </span><span xml:space="preserve" class="s1dea2669-2de5-4892-849b-9bf8145082feC0-000001">Cross-Reference: </span><span xml:space="preserve" class="s1dea2669-2de5-4892-849b-9bf8145082feC0">Rental vehicle and leased vehicle defined, SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=32-5B-19"><span class="s1dea2669-2de5-4892-849b-9bf8145082feC0-000002">32-5B-19</span></a><span class="s1dea2669-2de5-4892-849b-9bf8145082feC0">.</span></p><p dir="ltr" class="s1dea2669-2de5-4892-849b-9bf8145082feP0"><span xml:space="preserve" class="s1dea2669-2de5-4892-849b-9bf8145082fe000003"> </span></p></div></body></html>