Commencing with the first calendar quarter following the effective date of this subchapter, there is hereby imposed as a municipal gross receipts tax a tax of 0.5% on the gross receipts of all prime contractors and other persons engaged in realty improvement contracts within the jurisdiction of the city, who are subject to the State Realty Improvement Contract Gross Receipts Tax, SDCL § 10-46A, and acts amendatory thereto.
(Prior Code, § 20-201)