South Dakota § 32-5-128 Exemption from excise tax for motor vehicles leased to tax exempt entities.

South Dakota Statutes

§ 32-5-128 — Exemption from excise tax for motor vehicles leased to tax exempt entities.

South Dakota § 32-5-128

Title 32MOTOR VEHICLES

Ch. 32-4ANNUAL REGISTRATION AND LICENSE PLATES

This text of South Dakota § 32-5-128 (Exemption from excise tax for motor vehicles leased to tax exempt entities.) 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 § 32-5-128 (2026).

Text

Any motor vehicle purchased by a lessor that is to be leased for more than twenty - eight days by an entity exempted in §§ 32-5-42 and 32-5-42.1 is exempt from the excise tax levied by §§ 32-5B-1 and 32-5B-1.1 . If the lease is terminated and the motor vehicle is subsequently leased to a nonexempt entity, tax shall be assessed unless otherwise exempted.

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