Tax Tip Tuesday: Leasing Equipment For Use By Business

Tax Tip Tuesday: Leasing Equipment For Use By Business

South Dakota Retailers Association

Did you know….If you lease equipment for use by your business in South Dakota and don’t re-sell it, that lease is subject to tax. If you aren’t charged sales tax on the equipment lease, make sure you report and remit state use tax and applicable municipal use tax.

Questions? Call the South Dakota Department of Revenue at 800.829.9188. 

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