South Dakota Lessor's Form

State:
Multi-State
Control #:
US-OG-090
Format:
Word; 
Rich Text
Instant download

Description

The lease form contains many detailed provisions not found in a standard oil and gas lease form. Due to its length, a summary would not adequately describe each of the terms. It is suggested that if you consider adopting the form for regular use, that you print the form and closely read and review it. The lease form is formatted in 8-1/2 x 14 (legal size).

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FAQ

Motor vehicles registered in the State of South Dakota are subject to the 4% motor vehicle excise tax. Mobile / Manufactured homes are subject to the 4% initial registration fee. All fees are assessed from purchase date regardless of when an applicant applies for title and registration.

Prime Contractor Owe contractor's excise tax on their gross receipts. Include the value of material furnished by the owner in their gross receipts subject to the contractor's excise tax.

Unlike general sales taxes, excise taxes are usually applied on a per-unit basis instead of as a percentage of the purchase price. For instance, cigarette excise taxes are calculated in cents per pack. And most gasoline excise taxes are imposed in cents per gallon.

You may purchase motor vehicles to lease or rent without paying sales tax. Dealers are required to collect the state sales tax and any applicable municipal sales tax, motor vehicle gross receipts tax, and tourism tax on any vehicle, product, or service they sell that is subject to sales tax in South Dakota.

Yes but be careful. Your state may prohibit registering your vehicle in another state. South Dakota title and registration statutes do not expressly prohibit an out-of-state applicant from titling and registering in South Dakota.

Personalized License Plate Fees Standard FeesFee TypeCostStandard FeesFee TypeCostCars, Trucks, and MotorhomesAnnual$25Cars, Trucks, and MotorhomesLien$10Cars, Trucks, and MotorhomesSolid Waste$15 more rows

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South Dakota Lessor's Form