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§ 32-5B-1.4 Licensing and payment of excise tax on new vehicle by dealer.

SD Codified L § 32-5B-1.4 (2019) (N/A)
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32-5B-1.4. Licensing and payment of excise tax on new vehicle by dealer. A licensed motor vehicle dealer who sells new motor vehicles and has a franchise for that particular motor vehicle may license a new motor vehicle which is part of the dealer's inventory. If the dealer licenses the motor vehicle, the dealer shall title the motor vehicle and pay the excise tax imposed pursuant to § 32-5B-1 on the actual purchase price of the motor vehicle.

Source: SL 1987, ch 219, § 2; SL 1988, ch 236, § 22; SL 2015, ch 165, § 6, eff. Apr. 1, 2015; SL 2017, ch 132, § 1.

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§ 32-5B-1.3 Licensing and titling of used vehicle by dealer--Payment of tax by subsequent purchaser.
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§ 32-5B-1.5 Payment of excise tax by dealer required to take title--Subsequent purchaser not exempt.