South Dakota Codified Laws 10-45-11.1. Exemption of goods and services furnished to meet warranty obligation without charge
Current as of: 2023 | Check for updates
|
Other versions
There are hereby specifically exempted from the provisions of this chapter and from the computation of the amount of tax imposed by it, the gross receipts from furnishing goods or services to the purchaser or the purchaser’s successor in interest of tangible personal property and any product transferred electronically to fulfill a warranty obligation of the manufacturer to the extent that the goods or services are not charged to the purchaser or the purchaser’s successor in interest.
Terms Used In South Dakota Codified Laws 10-45-11.1
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
Source: SL 1971, ch 79; SL 2008, ch 51, § 15.