<html> <head> <title>Rule 64:07:01:20.01 Installation of a fuel storage tank in a fuel storage and dispensing project.</title> <META NAME="Keywords" Content="Administrative Rules 64:07:01:20.01"> <META NAME="Description" Content="Administrative Rules 64:07:01:20.01 Installation of a fuel storage tank in a fuel storage and dispensing project."> <meta name=Generator content="Microsoft Office HTML Filter 2.0"> <meta http-equiv=Content-Type content="text/html; charset=windows-1252"> <meta name=Originator content="Microsoft Word 10"> <style> <!-- --> </style> </head> <body lang=EN-US> <div> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>64:07:01:20.01.&nbsp;&nbsp;Installation of a fuel storage tank in a fuel storage and dispensing project. </b>The person placing the tank upon or in the fuel storage tank foundation owes contractors' excise tax on the gross receipts and use tax on the tank and other items used in the project. However, any item used by the contractor upon which sales or use tax was paid is not subject to use tax. Any contractor that installs items that are connected to, installed in, or that become a part of the storage tank owe contractors' excise tax on the gross receipts and use tax on the other materials used in the project. However, any item used by the contractor upon which sales or use tax was paid is not subject to use tax. These contractors do not owe contractors' excise tax or use tax on the storage tank itself.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> 28 SDR 69, effective November 21, 2001.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>General Authority:</b>SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=10-46A-19">10-46A-19(3).</A></p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Law Implemented:</b>SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=10-46A-2">10-46A-2</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=10-46A-2.2">10-46A-2.2.</A></p> </div> </body> </html>