South Dakota Statutes
§ 10-45-1.3 — Gross receipts not to include credit or trade-in value of certain personal property.
South Dakota § 10-45-1.3
This text of South Dakota § 10-45-1.3 (Gross receipts not to include credit or trade-in value of certain personal property.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
S.D. Codified Laws § 10-45-1.3 (2026).
Text
For purposes of the tax imposed by this chapter, if any tangible personal property or any product transferred electronically is taken in trade or in a series of trades as a credit or part payment of a retail sale taxable under this chapter, and the tangible personal property or the product transferred electronically taken in trade is subject to the sales tax imposed by this chapter when sold, the credit or trade-in value allowed by the retailer may not be included as gross receipts.
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Legislative History
SL 2002, ch 64, § 16; SL 2008, ch 51, § 5.
Nearby Sections
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§ 10-1-1.1
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General supervision of assessment of property for taxation--Forms--Classification of property.§ 10-1-16
Advice and direction to directors of equalization and boards--Instructional meetings of directors.§ 10-1-16.1
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Bluebook (online)
South Dakota § 10-45-1.3, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/10-45-1.3.