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There is hereby imposed an excise tax on the privilege of use, storage, and consumption within the jurisdiction of the municipality of tangible personal property or services purchased from and after January 1, 2008, at the same rate as the municipal sales and service tax upon all transactions or use, storage, and consumption, which are subject to the state’s Use Tax Act, SDCL Ch. 10-46, and acts amendatory thereto.
(Ord. 2007-1, passed 8-30-2007)
Such tax is levied pursuant to authorization granted by SDCL Ch. 10-52, and acts amendatory thereto, and shall be collected by the state’s Department of Revenue and Regulation in accordance with the same rules and regulations applicable to the state sales tax, under such additional rules and regulations as the Secretary of Revenue and Regulation of the state shall lawfully prescribe.
(Ord. 2007-1, passed 8-30-2007) Penalty, see § 31.99
It is declared to be the intention of this subchapter and the taxes levied hereunder, that the same shall be interpreted and construed in the same manner as all sections of the state’s Retail Occupational Sales and Service Act, SDCL Ch. 10-45, and acts amendatory thereto, and the state’s Use Tax Act, SDCL Ch. 10-46, and acts amendatory thereto, and that this shall be considered a similar tax except for the rate thereof to that tax.
(Ord. 2007-1, passed 8-30-2007)
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