S.D. Codified Laws ch. 10-46A – Realty Improvement Contractor's Excise Tax | Midpage

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South Dakota Codified Laws

Chapter 10-46A

S.D. Codified Laws ch. 10-46A

Realty Improvement Contractor's Excise Tax

10-46A-1Tax imposed on prime contractor's receipts from realty improvement contracts--Rate of tax.10-46A-1.1Effective date--Application to contracts, sales and change orders.10-46A-1.2Contracts subject to tax imposed by chapter 10-46B.10-46A-1.3Tax measured by gross receipts upon accrual basis.10-46A-1.4Payment of tax on cash basis.10-46A-1.5Taxes on receipts of worthless accounts.10-46A-1.8Filing return and remitting tax-Time for filing and remittance--Extension--Penalty for untimely return or remittance.10-46A-2Prime contractors and subcontractors subject to tax.10-46A-2.1Subcontractors--Definition--Certificate issued by prime contractor--Tax liability--Misuse of certificate--Government entities not to issue certificates.10-46A-2.2Prime contractor--Definition.10-46A-3Total contract price as basis of tax--Purchased materials.10-46A-4Gross receipts defined--Items not deductible.10-46A-5Improvement without contract taxable when sold within four years after completion--Exceptions--Determination of gross receipts.10-46A-5.1Tax imposed on improvements built for lease--Credit against tax on sale--Due date--Exemptions.10-46A-7Administration of tax--Sales tax provisions applicable.10-46A-8Report and payment of tax.10-46A-11Municipal tax on contractors--Rate--Restitution.10-46A-12Contracts and bills--Excise and use taxes as separate line item--Collection.10-46A-12.1Contractor to post excise tax license number with building permit for realty improvement project.10-46A-12.2When building permit not required.10-46A-13Personal liability of officers, managers, or partners of entity failing to file returns or pay tax--Security in lieu of liability--Bonded municipal officials exempt.10-46A-13.1Violation of chapter as criminal offense--Classification.10-46A-14Restriction on application of rate increase.10-46A-15Contractor's excise tax license required--Application.10-46A-16Issuance of license--Assignment prohibited.10-46A-17Refusal to issue license for failure to pay tax--Bond.10-46A-18Exemption for floor laying.10-46A-18.1Exemption of repair shops, locksmiths, and locksmith shops.10-46A-19Promulgation of rules.