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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
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 Chapter 10-45
, and acts amendatory hereto, and that this shall be considered a similar tax, except for the rate thereof to that tax.
(Prior Code, § 8-1-5)
SPECIAL TAX CLASSIFICATIONS
The city will work closely with any organization seeking to establish industry within city limits. The city will aid any such person or organization in any way possible to help accomplish that person’s or organization’s objectives. This subchapter is favorable, by granting a special tax classification, to all new industrial or commercial structures, or structure additions which have an assessed value of $30,000 or more. In order for the classification to take effect, such structures must be located within three miles of the city’s corporate limits, or within city limits itself.
(Prior Code, § 8-2-1)
Statutory reference:
Related provisions, see SDCL §§ 9-12-2, Chapter 9-21, 10-12-32, 10-12-33
(A) The following formulas for taxable values are:
(1) Twenty-five percent or less of the total property value for the first year following construction on such property;
(2) For the second year following construction, not more than 50% of the usual taxable value shall be used for tax purposes on such property; and
(3) For the third, fourth, and fifth years following construction, not more than 75% of the usual taxable value shall be used for tax purposes on such property.
(B) These amounts are subject to change based on specific city contracts, or changes made by the City Council within prior specific notice.
(Prior Code, § 8-2-2)
Statutory reference:
Related provisions, see SDCL §§ 9-12-2, Chapter 10-6, 10-6-101, 10-6-119, 10-9-7
(A) Any person violating any provision of this chapter for which no specific penalty is prescribed shall be subject to § 10.99 of this code of ordinances.
(B) Any person failing or refusing to make reports or payments prescribed by §§ 33.15 through 33.19, and the rules and regulations relating the ascertainment and collection of the tax herein levied shall be guilty of a misdemeanor, and, upon conviction, shall be fined not more than $200, or imprisoned in the municipal jail for 30 days, or both such fine and imprisonment. In addition, all such collection remedies authorized by SDCL Chapter 10-45, and acts amendatory thereto, are hereby authorized for the collection of the excise taxes described in §§ 33.15 through 33.19 by the Department of Revenue and Regulation.
(Prior Code, § 8-1-6)