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The purpose of this subchapter is to provide additional needed revenue for the city by imposing a municipal retail sales and use tax pursuant to the power granted to the municipality by the state, by SDCL Chapter 10-52
, titled Uniform Municipal Non-Ad Valorem Tax Law, and acts amendatory thereto.
(Prior Code, § 8-1-1)
From and after January 1, 2006, there is hereby imposed as a municipal retail occupational sales and service tax upon the privilege of engaging in business a tax measured by 2% on the gross receipts of all persons engaged in business with the jurisdiction of the city who are subject to the state’s retail occupational sales and service tax, SDCL Chapter 10-45
, and acts amendatory thereto.
(Prior Code, § 8-1-2) Penalty, see § 33.99
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, 2006, 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 Chapter 10-46
, and acts amendatory thereto.
(Prior Code, § 8-1-3) Penalty, see § 33.99
Such tax is levied pursuant to authorization granted by SDCL Chapter 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, and under such additional rules and regulations as the Secretary of Revenue and Regulation of the state shall lawfully prescribe.
(Prior Code, § 8-1-4) Penalty, see § 33.99
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