CHAPTER 52

(HB 1184)

Gross receipts tax to be distributed to schools.


         ENTITLED, An Act to  require the Department of Revenue and Regulation to collect and distribute the gross receipts taxes imposed on small telecommunication companies.

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

     Section  1.  That § 10-33-24 be amended to read as follows:

     10-33-24.   It shall be the duty of the The secretary of revenue and regulation to shall compute and determine the amount of tax to be paid by such each company as provided in § 10-33-21 and he . The secretary shall on or before July first following of each year certify to the county auditor of each county each school district in the state in which such the company operates the amount of the tax to be paid in such county on the basis of the gross receipts received by such company from its operations in such county and shall further certify to the county auditor the amount to which each to the school district shall be entitled in each such county on the basis of the gross receipts received by such the company in each school district. The county auditor shall extend such tax on his books and certify the same to the county treasurer.

     Section  2.  That § 10-33-25 be amended to read as follows:

     10-33-25.   The tax levied in § 10-33-21 shall become is due and be payable to the county treasurer of each county in which such company operates and as certified by the secretary of revenue and regulation on September by August first of each year following the filing of the report of such the gross receipts. The secretary of revenue and regulation shall distribute the taxes paid pursuant § §  10-33-21 and 10-33-24 to each school district by September first of each year. The secretary of revenue and regulation shall approve vouchers and the state auditor shall draw warrants to pay each school district its share of the distribution.

     Section  3.  That § 10-33-28 be repealed.

     Signed March 2, 2007
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