In addition, there is hereby imposed an excise tax on the privilege of the use, storage and consumption within the jurisdiction of the city of tangible personal property purchased from and after October 1, 1971, at the same rate as the municipal sales and service tax upon all transactions for use, storage and consumption which are subject to the South Dakota Use Tax Act, SDCL Chapter 10-46, and acts amendatory thereto.
(Prior Code, § 20-4)