US Lawyer Database

Section 50-11-35 – Application of original registration tax to leased aircraft.

50-11-35. Application of original registration tax to leased aircraft. For aircraft leased for thirty-six calendar months or less, the original registration tax of four percent, as required under §50-11-19, applies only to the scheduled lease payments, excluding fuel, routine maintenance, insurance, and crew, and shall be paid by the lessee at the time payments are […]

Section 50-12-2 – Aircraft dealer’s license–Application–Contents.

50-12-2. Aircraft dealer’s license–Application–Contents. Any person desiring to sell or solicit as a dealer the sale of aircraft within South Dakota shall apply for an aircraft dealer’s license to the department. For the original application, the person shall possess one or more aircraft under normal registration. The application shall be made in writing on a […]

Section 50-11-17 – Fees–Minimum registration fee.

50-11-17. Fees–Minimum registration fee. No aircraft may be registered for an annual registration, or any part thereof, for a fee of less than ten dollars. Source: SDC 1939, §2.0407 (4) as enacted by SL 1949, ch 4, §2; SL 1993, ch 348, §11.

Section 50-11-19.1 – Purchase price defined.

50-11-19.1. Purchase price defined. For the purposes of this chapter, the purchase price is: (1)For an aircraft purchase, sale, or transfer, the total consideration for the aircraft whether received in money or otherwise less the value of any aircraft taken by the seller as trade, if the aircraft traded was registered in South Dakota. The […]

Section 50-11-19.4 – Transfer of amount of credit to aeronautics fund.

50-11-19.4. Transfer of amount of credit to aeronautics fund. The department shall inform the Department of Revenue of the amount of credit granted under §50-11-19.3 on a quarterly basis. The Department of Revenue shall transfer to the department, for deposit into the aeronautics fund, the amount of credit granted under §50-11-19.3. Transfers to the aeronautics […]