32-5B-23. Tax on vehicles leased in another state--Credit for tax paid to another state.
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/sd/title-32/chapter-32-5/32-5b-23A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Vehicles entering this state under a lease are subject to tax on the date the vehicle enters this state for the remaining lease period. A credit for tax paid on the lease for the lease period at issue where the incidence of the tax was on the lessor, lessee, or both, and the tax was paid by the lessor, lessee, or both, to another state shall be applied to the motor vehicle lease tax due on the lease from the lessor in this state, if the lessor and the lessee remain the same.