A person who purchases a used vehicle from a person other than a licensed motor vehicle dealer and who pays excise tax on the value of the vehicle as stated in a dealers' guide approved by the secretary may apply for a refund if the actual purchase price paid for the vehicle is less than the stated book value and the purchaser obtains a valid bill of sale.

Source: 15 SDR 58, effective October 19, 1988; 17 SDR 4, effective July 18, 1990.

General Authority: SDCL 32-5B-15.

Law Implemented: SDCL 32-5B-1 , 32-5B-4.