State of South Dakota  
EIGHTY-SEVENTH SESSION
LEGISLATIVE ASSEMBLY, 2012  

780T0004   SENATE BILL   NO.  1  

Introduced by:    Senators Hansen (Tom), Hundstad, Nelson (Tom), Novstrup (Al), Rampelberg, and Tidemann and Representatives Turbiville, Hunhoff (Bernie), Jones, Vanneman, and Wink at the request of the Interim Sales Tax Review Committee
 

        FOR AN ACT ENTITLED, An Act to increase the excise tax on boats.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
    Section 1. That § 32-3A-50 be amended to read as follows:
    32-3A-50. In addition to all other fees, a person shall pay an excise tax at the rate of three four percent on the purchase price of any large boat, purchased or acquired for use on the waters of this state and required to be registered under the laws of this state. This tax shall be is in lieu of any tax levied by chapters 10-45 and 10-46 on the sales of such large boats. Failure to pay the full amount of excise tax is a Class 1 misdemeanor.

180 copies were printed on recycled paper by the South Dakota
Legislative Research Council at a cost of $.063 per page.   		.
   		Insertions into existing statutes are indicated by underscores.
Deletions from existing statutes are indicated by overstrikes.