Loading chat...

SD HB1321

Bill

Official Source

Status

Introduced

2/4/2026

Primary Sponsor

Tony Randolph

Click for details

Origin

House of Representatives

2026 Regular Session

AI Summary

  • Requires county treasurers to calculate motor vehicle excise tax on used vehicles sold by private parties (non-dealers) based on the amount shown on a bill of sale, rather than using the retail value from a nationally recognized dealers' guide
  • Mandates that sellers of used vehicles in private-party transactions provide the purchaser a bill of sale, in a form approved by the secretary, stating the total consideration received in money or otherwise
  • Requires the purchaser to submit the bill of sale to the county treasurer within forty-five days after the date of the sale, lease, or transfer
  • Allows trade-in credit deductions from the total consideration shown on the bill of sale when a motor vehicle is taken in trade as part payment
  • Falls back to the retail value from a nationally recognized dealers' guide (approved by the secretary of revenue) for assessing excise tax if no bill of sale is submitted or if the vehicle is transferred without consideration and is not otherwise exempt

Legislative Description

Require that county treasurers calculate excise tax using the amount shown on a bill of sale for a used vehicle sold, leased, or transferred by a person other than a licensed motor vehicle dealer.

Motor Vehicles

Last Action

Transportation Tabled, Passed, YEAS 10, NAYS 0.

2/12/2026

Committee Referrals

Transportation2/5/2026

Full Bill Text

No bill text available