South Dakota Administrative Rules on Pawnbrokers

Administrative Rules of South Dakota 
Department of Revenue (Articles 64:01 to 64:80)
Article 64:06 Sales Tax 
Chapter 64:06:02 Services—Interpretive Rules (Refs & Annos)

ARSD 64:06:02:50
64:06:02:50. Pawnbrokers.

As used in this section, “pawnbroker” means a person who is primarily engaged in the business of lending money and who accepts tangible personal property or any product transferred electronically as security for the loan. If the property is redeemed within a specified time, sales tax applies to any commission, storage fees, or other similar charges made by the pawnbroker. If payment is not made within the specified time, the property is forfeited to the pawnbroker, to whom title to the property passes. If the pawn broker thereafter sells the property at retail, the gross receipts are subject to sales tax.