An Act to exempt fromclarify the application of state use tax and sales tax on the fair market value purchase price of certain goods given without charge provided to a customer as part of a taxable sale.

Be it enacted by the Legislature of the State of South Dakota:

Section 1. That chapter 10-46 be amended with a NEW SECTION:

The fair market value purchase price of all tangible personal property considered purchased for resale purposes, and given without charge provided to a customer during business operations as part of a taxable sale, is exempt from the tax imposed by this chapter and chapter 10-45.