ENTITLED, An Act to
permit municipalities to refund certain sales and use taxes to contractors
and subcontractors.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
Section
1.
That chapter
10-52
be amended by adding thereto a NEW SECTION to read as
follows:
A municipality imposing a sales or use tax under this chapter may by ordinance enacted by its
local governing body provide for a refund of such taxes to a contractor or subcontractor licensed
pursuant to chapter 10-46A or 10-46B if the contractor or subcontractor meets the requirements
provided in
§
10-61-1. The ordinance shall provide a procedure for filing an application for the
refund and receiving the payment of the refund by the municipality.