There is imposed an excise tax upon the gross receipts of all prime contractors and subcontractors engaged in realty improvement contracts for those persons subject to tax under chapter 10-28, 10-33, 10-34, 10-35, 10-36, or 10-36A or any municipal telephone company subject to chapter 9-41 or any rural water system, at the rate of two percent.

Source: SL 1979, ch 84 , § 12A; SL 1980, ch 100 , § 1; SDCL § 10-49A-1; SL 1984, ch 92 , § 3; SL 1986, ch 106 ; SL 1995, ch 68 , § 44; SL 2005, ch 78 , § 14; SL 2010, ch 65 , § 2, eff. Feb. 24, 2010; SL 2018, ch 65 , § 2.