64:28:15:01Rental company excise tax exemption--Conditions for eligibility.

Regardless of whether an exemption was previously granted, to be eligible for a rental company excise tax exemption, rental companies seeking a motor vehicle excise tax exemption under SDCL subdivision 32-5B-2(18) must: (1) Hold a valid sales tax license in good standing pursuant to SDCL chapter 10-45; (2) Operate a place of business as defined in § 64:28:15:02; and (3) Maintain proper records at the rental company’s principal place of business that would provide evidence supporting the business qualification for the exemption.

Source: 50 SDR 157, effective July 1, 2024.