Regardless of whether an exemption was previously granted, to be eligible for a rental company excise tax exemption, rental companies seeking a motor vehicle excise tax exemption under SDCL subdivision 32-5B-2(18) must:

1. (1) Hold a valid sales tax license in good standing pursuant to SDCL chapter 10-45;
2. (2) Operate a place of business as defined in § 64:28:15:02; and
3. (3) Maintain proper records at the rental company’s principal place of business that would provide evidence supporting the business qualification for the exemption.

Source: 50 SDR 157, effective July 1, 2024 .

General Authority: SDCL 32-5B-15 .

Law Implemented: SDCL 32-5B-1.2 , 32-5B-2 (18) .