(A) Purpose. 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 powers granted to the municipality by SDCL § 10-52-1, entitled Uniform Municipal Non-Ad Valorem Tax Law, and acts amendatory thereunto.
(B) Interpretation. 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 § 10-45, and acts amendatory thereto, and the state’s Use Tax, SDCL § 10-46, and acts amendatory thereto, and that this shall be considered a similar tax exempt for the same rate thereof to that tax.
(Ord. 558, passed 8-11-2003; Res. 03-08-05, passed 8-11-2003) Penalty, see § 35.99