South Dakota § 50-11-19.2 Rate of additional tax on sale of aircraft held under use stamp or dealer certificate or conversion to dealer's own use.

South Dakota Statutes

§ 50-11-19.2 — Rate of additional tax on sale of aircraft held under use stamp or dealer certificate or conversion to dealer's own use.

South Dakota § 50-11-19.2

Title 50AVIATION

Ch. 50-8REGISTRATION AND LICENSING OF AIRCRAFT AND PILOTS

This text of South Dakota § 50-11-19.2 (Rate of additional tax on sale of aircraft held under use stamp or dealer certificate or conversion to dealer's own use.) 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 § 50-11-19.2 (2026).

Text

The additional original registration tax on the sale of aircraft held by a licensed aircraft dealer under a use stamp or dealer certificate is at the rate specified in § 50-11-19 on the purchase price at the time the aircraft is sold. If a licensed aircraft dealer converts aircraft held under a use stamp or dealer certificate to the dealer's own use, the additional original registration tax is paid by the dealer at the rate specified in § 50-11-19 on the current fair market value of the aircraft.

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The additional original registration tax on the sale of aircraft held by a licensed aircraft dealer under a use stamp or dealer certificate is at the rate specified in § 50-11-19 on the purchase price at the time the aircraft is sold. If a licensed aircraft dealer converts aircraft held under a use stamp or dealer certificate to the dealer's own use, the additional original registration tax is paid by the dealer at the rate specified in § 50-11-19 on the current fair market value of the aircraft.