There is imposed an excise tax upon the gross receipts of all prime contractors and subcontractors engaged in realty improvement contracts for those persons subject to tax under chapter 10-28, 10-33, 10-34, 10-35, 10-36, or 10-36A or any municipal telephone company subject to chapter 9-41 or any rural water system, at the rate of two percent.
S.D. Codified Laws § 10-46B-1
Tax imposed on receipts from certain realty improvement contracts--Rate of tax
Applied in 2 court decisions — leading case Brink Electric Construction Co. v. State, Department of Revenue (1991)
Most recently applied in Valley Power Sys. v. S.D. Dep't of Revenue (December 2017)
Source: SL 1979, ch 84, § 12A; SL 1980, ch 100, § 1; SDCL § 10-49A-1; SL 1984, ch 92, § 3; SL 1986, ch 106; SL 1995, ch 68, § 44; SL 2005, ch 78, § 14; SL 2010, ch 65, § 2, eff
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.