Investor Presentaiton

Motor Vehicle Lease and Rentals Motor Vehicle Lease and Rentals - Applicable Taxes Taxes that apply to the Lease or Rental Payments Vehicle Motor Vehicle Sales or Municipal Sales or Use Tax Use Tax Tourism Tax Gross Receipts Tax Motor Vehicle Excise Tax Automobiles, Pickups, Vans, and Motorcycles • Leased or rented under a single contract for 28 days or less • Leased or rented under a single contract for more than 28 days Yes Yes Yes Yes No No No No No Yes If this same vehicle is later rented for 28 days or less, the receipts from that rental are subject to the state and applicable municipal sales tax, motor vehicle gross receipts tax, and tourism tax. Trailers with a trailer ID plate under SDCL 32-5-8.1 that have an unladen weight of 9,000 pounds or more Leased or rented under a single contract for 28 days or less Rented under a single contract for more than 28 days but less than 6 months Yes Yes No No 은은 No Yes No Yes z z No Rented for more than 6 months No No No No Yes Report the motor vehicle gross receipts tax in the City and Special Jurisdiction section on the state sales tax return using code 600-1. For listings of all recreational equipment subject to tourism tax, view the Tourism Tax Fact. Visit our Tax Facts for more information on various topics: https://sddor.seamlessdocs.com/sc/publications-tax-facts/ Wireless Gross Receipts Tax The telecommunications gross receipts tax applies to the retail sale of wireless intrastate and interstate telecommunications services if the customer's place of primary use is in South Dakota. Wireless telecommunications services include wireless personal communications services, wireless local loop services, enhanced special mobile radio services, fixed wireless services, and cellular services that provide two-way communication. Report the wireless gross receipts tax in the City and Special Jurisdiction Section on the state sales tax return using code 900-1. More information available in the Telecommunication Services Tax Fact. South Dakota Department of Revenue ⚫ Sales and Use Tax Guide • January 2022 . 9

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