CHAPTER 31: TAX AND FINANCE
Section
Municipal Sales and Service Tax
   31.01   Purpose
   31.02   Effective date and enactment of tax
   31.03   Use tax
   31.04   Collection
   31.05   Interpretation
Municipal Gross Receipts Tax
   31.10   Purpose
   31.11   Effective date and enactment of tax
   31.12   Collection
   31.13   Interpretation
   31.14   Use of revenue
 
   31.99   Penalty
MUNICIPAL SALES AND SERVICE TAX
§ 31.01 PURPOSE.
   The purpose of this subchapter is to provide needed revenue for the town by imposing a municipal retail sales and use tax, pursuant to the powers granted to the municipality by the state, by SDCL § 10-52, entitled Uniform Municipal Non-Ad Valorem Tax Law, and acts amendatory thereto.
(Ord. 7.3, passed 10-3-2006)
§ 31.02 EFFECTIVE DATE AND ENACTMENT OF TAX.
   From and after January 1, 2007, 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 within the jurisdiction of the municipality of the town, who are subject to the State Retail Occupational Sales and Service Tax, SDCL § 10-45 and acts amendatory thereto.
(Ord. 7.3, passed 10-3-2006)
§ 31.03 USE TAX.
   In addition 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 purchases from and after January 1, 2007, 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 Use Tax Act, SDCL § 10-46, and acts amendatory thereto.
(Ord. 7.3, passed 10-3-2006)
§ 31.04 COLLECTION.
   The tax is levied pursuant to authorization granted by SDCL § 10-52 and acts amendatory thereto, and shall be collected by the State Department of Revenue and Regulation in accordance with the same rules and regulations applicable to the state sales tax and under additional rules and regulations as the Secretary of Revenue and regulation of the state shall lawfully prescribe.
(Ord. 7.3, passed 10-3-2006)
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