South Dakota Codified Laws 10-46A-1.1. Effective date–Application to contracts, sales and change orders
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This chapter is effective on May 1, 1984, and applies to:
(1) All realty improvement contracts bid after April 30, 1984;
Terms Used In South Dakota Codified Laws 10-46A-1.1
- Contract: A legal written agreement that becomes binding when signed.
- Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
(2) All realty improvement contracts under which construction commences after April 30, 1984, if there is no bid;
(3) Receipts from sales of real property pursuant to § 10-46A-5 if the contract to sell the property is executed after April 30, 1984.
Change orders or other amendments, made after April 30, 1984, to realty improvement contracts or purchase contracts entered into prior to May 1, 1984, shall be taxed at the rate and under the provisions of this chapter which were in effect on the date of the original contract.
Source: SL 1984, ch 92, § 2.