Municipal tax on contractors--Rate--Restitution

Any municipality may impose an excise tax on contractors gross receipts in a similar manner as imposed by this chapter; provided however, that the same shall be adopted in conformity with chapter 10-52 and the rate thereof shall not exceed one - half percent. Municipalities that have a non - ad valorem tax in effect as provided for in chapter 10-52 may not continue the tax imposed by this section on or after April 1, 1980. Source: SL 1979, ch 84 , § 12K; SL 1980, ch 100 , § 8; SDCL Supp, §