CHAPTER 50

(HB 1098)

Swine and cattle semen exempt from sales and use tax.


         ENTITLED, An Act to  exempt swine and cattle semen from sales and use taxes.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:

     Section  1.  That chapter 10-45 be amended by adding thereto a NEW SECTION to read as follows:

     There are hereby specifically exempted from the provisions of this chapter and from the computation of the amount of tax imposed by it, gross receipts from the sale of swine semen and cattle semen to be used for agricultural purposes.

     Section  2.  That chapter 10-46 be amended by adding thereto a NEW SECTION to read as follows:

     There are hereby specifically exempted from the provisions of this chapter and from the computation of the amount of tax imposed by it, gross receipts from the sale of swine semen and cattle semen to be used for agricultural purposes.

     Signed March 13, 2006
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