ARSD § 64:28:15:01 — Rental company excise tax exemption--Conditions for eligibility

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 32-5B-2 (18) must :
(1) Hold a valid sales tax license in good standing pursuant to SDCL chapter 10-45 ;
(2) Operate a place of business as defined in § 64:28:15:02 ; and
(3) Maintain proper records at the rental company’s principal place of business that would provide evidence supporting the business qualification for the exemption .