The use, storage, or consumption of tangible personal property and any product transferred electronically actually leased to persons in this state is exempted from the provisions of this chapter and the tax imposed by it.
S.D. Codified Laws § 10-46-2.3
Exemption of use of property leased
Applied in 1 court decision — leading case Butler MacHinery Co. v. South Dakota Department of Revenue (2002)
Most recently applied in Butler MacHinery Co. v. South Dakota Department of Revenue (November 2002)
Source: SL 1983, ch 86, § 5; SL 2008, ch 51, § 39.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.