South Dakota Codified Laws 10-61-1. Refund of sales and use tax paid by contractor or subcontractor upon certainfabricated tangible personal property–Application
A contractor or subcontractor licensed pursuant to chapter 10-46A or 10-46B may apply for a refund of South Dakota sales and use tax paid by such contractor if:
(1) The sales and use tax subject to the refund request was paid by the contractor or subcontractor requesting the refund for the use of tangible personal property;
Terms Used In South Dakota Codified Laws 10-61-1
- Contract: A legal written agreement that becomes binding when signed.
- Personal property: includes money, goods, chattels, things in action, and evidences of debt. See South Dakota Codified Laws 2-14-2
- Personal property: All property that is not real property.
- Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
(2) The tangible personal property upon which the sales and use tax was paid was purchased by the contractor or subcontractor requesting the refund;
(3) The tangible personal property upon which the sales and use tax was paid was fabricated by the contractor or subcontractor in South Dakota;
(4) The fabricated tangible personal property was used outside of South Dakota by the contractor or subcontractor in the performance of a contract;
(5) The fabricated tangible personal property is not returned to South Dakota; and
(6) The fabricated tangible personal property is exempt from sales or use tax in the state where the contract is performed.
Source: SL 2005, ch 86, § 1.