Exemption from excise tax for motor vehicles leased to tax exempt entities

SDCL § 32-5-128 — under ANNUAL REGISTRATION AND LICENSE PLATES.

SDCL § 32-5-128

Any motor vehicle purchased by a lessor that is to be leased for more than twenty - eight days by an entity exempted in §§ 32-5-42 and 32-5-42.1 is exempt from the excise tax levied by §§ 32-5B-1 and