CHAPTER 160

(HB 1189)

Motor vehicles donated to certain groups exempt
from federal and state taxes.

         ENTITLED, An Act to  exempt the value of motor vehicles donated to certain nonprofit corporations from state taxes.

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

     Section  1.  That § 32-5B-2 be amended by adding thereto a NEW SUBDIVISION to read as follows:

     Any motor vehicle transferred without consideration to any South Dakota nonprofit corporation which will donate the motor vehicle to a needy family or individual.

     Section  2.  That § 32-6B-5 be amended by adding thereto a NEW SUBDIVISION to read as follows:

     Any South Dakota nonprofit corporation which gives a donated motor vehicle to a needy family or individual.

     Signed February 15, 2006

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