Section 32-5B-12 – Proration of tax on proportionally registered vehicles.
32-5B-12. Proration of tax on proportionally registered vehicles. If a motor vehicle is licensed and registered pursuant to chapter 32-10, the excise tax imposed by §32-5B-1 shall be prorated in accordance with the formula established in the International Registration Plan as amended as of January 1, 2021. Such motor vehicles and trailer units are exempt […]
Section 32-5B-14 – Title issuance or transfer prohibited unless tax paid–Exception.
32-5B-14. Title issuance or transfer prohibited unless tax paid–Exception. No title may be issued or transferred for the ownership of any motor vehicle unless the tax levied by §32-5B-1 is paid, except as provided in subdivision 32-5B-2(12) and vehicles taxed pursuant to §32-5B-20. Source: SL 1985, ch 241, §6; SL 1988, ch 236, §24; SL […]
Section 32-5B-15 – Rules authorized.
32-5B-15. Rules authorized. The secretary of revenue may promulgate rules pursuant to chapter 1-26 concerning: (1)Which motor vehicles are subject to tax; (2)The actual value and purchase price of motor vehicles subject to tax; (3)The supporting documents required to be furnished to verify actual value or purchase price; and (4)The application of the tax and […]
Section 32-5B-4 – Purchase price defined.
32-5B-4. Purchase price defined. For the purposes of this chapter, the purchase price is: (1)For a new motor vehicle sale or lease, the total consideration whether received in money or otherwise. However, when a motor vehicle is taken in trade as a credit or part payment on a new motor vehicle, the credit or trade-in […]
Section 32-5B-4.1 – Insurance check included in trade-in value.
32-5B-4.1. Insurance check included in trade-in value. For the purposes of §32-5B-4, the credit or trade-in value of any damaged motor vehicle may include the value of any check from an insurance company which is intended to cover the damages to the motor vehicle. Source: SL 1992, ch 211.
Section 32-5B-6 – Use of dealers’ guide for used motor vehicles.
32-5B-6. Use of dealers’ guide for used motor vehicles. On used motor vehicles, the county treasurer shall, for the purpose of this chapter, use the most generally used and approved nationally recognized dealers’ guide provided by the secretary of revenue. For those cases of vehicles not covered by the provided dealer guides the county treasurer […]
Section 32-5B-8 – Fixing value, capacity, and weight of rebuilt or foreign vehicle.
32-5B-8. Fixing value, capacity, and weight of rebuilt or foreign vehicle. The secretary may fix the value, carrying capacity, and weight of any rebuilt or foreign vehicle or on any vehicle on which a record of the value, carrying capacity, or weight is not available in his office. Source: SL 1957, ch 240, §1; SDC […]
Section 32-5B-9 – Information to be presented by new owner of vehicle–Falsification as felony.
32-5B-9. Information to be presented by new owner of vehicle–Falsification as felony. The new owner of a motor vehicle, or with written authorization, any other person as defined by subdivision 2-14-2(18) on behalf of and as the agent for the new owner, shall present to the county treasurer in the county of the new owner’s […]
Section 32-5B-10 – Payment of tax.
32-5B-10. Payment of tax. The tax levied by §32-5B-1 shall be paid to the county treasurer in the county of the new owner’s residence. However, for a motor vehicle licensed and registered pursuant to chapter 32-10, the tax shall be paid to the Department of Revenue. Source: SL 1985, ch 241, §5; SL 2004, ch […]
Section 32-5B-11 – Credit for taxes paid to this or another state.
32-5B-11. Credit for taxes paid to this or another state. If any motor vehicle has been subjected previously to a sales tax, use tax, motor vehicle excise tax, or similar tax by this or any other state or its political subdivision, no tax is owed to this state if the tax has been paid by […]