Section 32-5B-1 - Imposition of tax--Rate--Failure to pay as misdemeanor. - South Dakota Statutes

32-5B-1. Imposition of tax--Rate--Failure to pay as misdemeanor. In addition to all other license and registration fees for the use of the highways, a person shall pay an excise tax at the rate of three percent on the purchase price of any motor vehicle, as defined by § 32-3-1 or 32-5B-21, purchased or acquired for use on the streets and highways of this state and required to be registered under the laws of this state. This tax shall be in lieu of any tax levied by chapters 10-45 and 10-46 on the sales of such vehicles. Failure to pay the full amount of excise tax is a Class 1 misdemeanor.

Source: SL 1985, ch 241, § 1; SL 1988, ch 236, § 21; SL 2000, ch 145, § 1.