Section 10-45-11.2 - Exemption of gross receipts from sale of motor vehicles exempt from excise tax--Exception. - South Dakota Statutes

10-45-11.2. Exemption of gross receipts from sale of motor vehicles exempt from excise tax--Exception. There are specifically exempted from the provisions of this chapter and from the computation of the amount of tax imposed by it, gross receipts from the sale of motor vehicles exempt from the motor vehicle excise tax pursuant to § 32-5B-2, with the exception of farm vehicles as described in § 32-5-1.3, which shall be subject to the tax imposed by this chapter.

Source: SL 1987, ch 103, § 1; SL 1988, ch 110, § 1.