The additional original registration tax on the sale of aircraft held by a licensed aircraft dealer under a use stamp or dealer certificate is at the rate specified in § 50-11-19 on the purchase price at the time the aircraft is sold. If a licensed aircraft dealer converts aircraft held under a use stamp or dealer certificate to the dealer's own use, the additional original registration tax is paid by the dealer at the rate specified in § 50-11-19 on the current fair market value of the aircraft.
S.D. Codified Laws § 50-11-19.2
Rate of additional tax on sale of aircraft held under use stamp or dealer certificate or conversion to dealer's own use
Source: SL 1982, ch 112, § 3; SL 2010, ch 227, § 75.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.