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State of South Dakota  
EIGHTY-FIRST SESSION
LEGISLATIVE ASSEMBLY,  2006
 

491M0619  
SENATE TAXATION COMMITTEE ENGROSSED   NO. HB 1164   -   02/15/2006  

Introduced by:     Representatives Haverly, Buckingham, and Putnam and Senators Napoli, Abdallah, and Duniphan  



         FOR AN ACT ENTITLED, An Act to  revise the taxation of leased motorcycles and motorized bicycles.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
     Section  1.  That § 32-5B-21 be amended to read as follows:
     32-5B-21.   The tax imposed by §§ 32-5B-1, 32-5B-1.1, 32-5B-4(7), and 32-5B-21 to 32-5B- 24, inclusive, and calculated in the manner set out in § 32-5B-4 on the sale or use of leased vehicles subject to titling and registration applies to vehicles with a gross vehicle weight ratings of less than sixteen thousand pounds or vehicles defined in subdivision 32-9-3(3), excluding including motorcycles and motorized bicycles. No certificate of title may be issued until the tax is paid.
     The county treasurer shall require every applicant for registration of a vehicle subject to tax under §§ 32-5B-1, 32-5B-1.1, 32-5B-4(7), and 32-5B-21 to 32-5B-24, inclusive, to supply information as is deemed necessary as to the date of the lease transaction, the lease price, and other information relative to the lease of the vehicle.


250 copies of this document were printed by the South Dakota
Legislative Research Council at a cost of $.038 per page.
 
.   Insertions into existing statutes are indicated by underscores.
Deletions from existing statutes are indicated by overstrikes.