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 .

Last amended: Source: 50 SDR 157, effective July 1, 2024 . General Authority: SDCL 32-5B-15 . Law Implemented: SDCL 32-5B-1.2 , 32-5B-2 (18) . Cross-Reference: Rental vehicle and leased vehicle defined, SDCL 32-5B-19 .

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In this chapter (3 sections)

64:28:15:01 · Rental company excise tax exemption--Conditions for…
64:28:15:02 · Place of business--Defined
64:28:15:03 · Records available for inspection

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