The use, storage, or consumption of tangible personal property or any product transferred electronically more than seven years old at the time it is brought into the state by the person who purchased such property for use in another state is exempt from the tax imposed herein

The secretary may promulgate rules pursuant to chapter 1-26 relating to the determination of the age and value of the tangible personal property or the product transferred electronically brought into this state. Source: SL 1953, ch 471 , § 1; SDC Supp 1960, § 57.4303 (2); SL 1984, ch 90 ; SL 1991, ch 106 ; SL 2008, ch 51 , § 40.