South Dakota Codified Laws 10-46E-2. Tax imposed on use, storage, and consumption of farm machinery, attachment units, and irrigation equipment purchased or leased for use in state–Rate
Current as of: 2023 | Check for updates
|
Other versions
An excise tax is hereby imposed on the privilege of the use, storage, and consumption in this state of farm machinery, attachment units, and irrigation equipment used exclusively for agricultural purposes purchased or leased for use in this state at the same rate of the purchase price of said property as imposed pursuant to § 10-46E-1.
Terms Used In South Dakota Codified Laws 10-46E-2
- Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
- Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
Source: SL 2006, ch 58, § 2.