CHAPTER 60

(HB 1097)

Municipal sales and use tax refund.


         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.

     Signed February 14, 2006
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