The tax imposed upon contractors performing realty improvement contracts for those persons subject to tax under chapter 10-28, 10-33, 10-35, 10-36 or 10-36A or any municipal telephone company subject to chapter 9-41 or any rural water system is not subject to this chapter and the contracts are subject to the contractors' excise tax imposed by chapter 10-46B.

Source: SL 1984, ch 92 , § 3; SL 2005, ch 78 , § 15; SL 2010, ch 65 , § 1, eff. Feb. 24, 2010; SL 2018, ch 65 , § 1; SL 2021, ch 49 , § 11.