CHAPTER 62

(HB 1049)

Purchase price defined.


         ENTITLED, An Act to  clarify the definition of purchase price for taxation purposes.

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

     Section  1.  That subdivision (10) of § 10-46-1 be amended to read as follows:

             (10)      "Purchase price," shall have the same meaning as gross receipts defined in subdivision 10-45-1(4) chapter 10-45 ;

     Signed January 30, 2007
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