<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 10-45-99 - Definitions. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2038855Normal { text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2038855SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2038855CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2038855Normal-000000 { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2038855DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2038855Normal-000001 { margin-left: 0.70in; text-indent: -0.45in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } span.s2038855000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2038855SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2038855SCL-000003 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } body { text-decoration-skip-ink: none; } </style></head><body><div><p dir="ltr" class="s2038855Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=10-45-99"><span class="s2038855SENU">10-45-99</span></a><span xml:space="preserve" class="s2038855SENU">. </span><span class="s2038855CL">Definitions.</span></p><p dir="ltr" class="s2038855Normal-000000"><span xml:space="preserve" class="s2038855DefaultParagraphFont">Terms used in §§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=10-45-99"><span class="s2038855DefaultParagraphFont">10-45-99</span></a><span xml:space="preserve" class="s2038855DefaultParagraphFont"> to </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=10-45-107"><span class="s2038855DefaultParagraphFont">10-45-107</span></a><span class="s2038855DefaultParagraphFont">, inclusive, mean:</span></p><p dir="ltr" class="s2038855Normal-000001"><span class="s2038855DefaultParagraphFont">(1)    "Department," the Department of Revenue;</span></p><p dir="ltr" class="s2038855Normal-000001"><span xml:space="preserve" class="s2038855DefaultParagraphFont">(2)    "Business," a business that has purchased and is installing tangible personal property in the form of equipment or machinery for direct use in a manufacturing, fabricating, or processing business, which is subject to sales or use tax pursuant to chapter </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=10-45"><span class="s2038855DefaultParagraphFont">10-45</span></a><span xml:space="preserve" class="s2038855DefaultParagraphFont"> or </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=10-46"><span class="s2038855DefaultParagraphFont">10-46</span></a><span class="s2038855DefaultParagraphFont">;</span></p><p dir="ltr" class="s2038855Normal-000001"><span class="s2038855DefaultParagraphFont">(3)    "Project," the purchase and installation of equipment or machinery;</span></p><p dir="ltr" class="s2038855Normal-000001"><span class="s2038855DefaultParagraphFont">(4)    "Project cost," the amount paid in money for a project;</span></p><p dir="ltr" class="s2038855Normal-000001"><span class="s2038855DefaultParagraphFont">(5)    "Secretary," the secretary of the Department of Revenue.</span></p><p dir="ltr" class="s2038855Normal"><span xml:space="preserve" class="s2038855000002"> </span></p><p dir="ltr" class="s2038855Normal"><span class="s2038855SCL">Source:</span><span xml:space="preserve" class="s2038855SCL-000003"> SL 2001, ch 57, § 2; SL 2011, ch 1 (Ex. Ord. </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=11-1"><span class="s2038855SCL-000003">11-1</span></a><span class="s2038855SCL-000003">), § 161, eff. Apr. 12, 2011.</span></p></div></body></html>