Section 10-47B-14 - Inventory tax on fuel in storage. - South Dakota Statutes

10-47B-14. Inventory tax on fuel in storage. Any person having title to any fuel in storage subject to the fuel excise tax pursuant to § 10-47B-4 immediately prior to a tax increase under this chapter, is subject to an inventory tax based on the gallons in storage as of the close of the business day preceding the effective date of the increased tax rate.

Source: SL 1995, ch 71, § 14; SL 2009, ch 57, § 1.