Sd Eform 0822 V3 - South Dakota Closed Lease Tax Worksheet
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1SD EForm -
0822
V3
Complete and use the button at the end to print for mailing.
HELP
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South Dakota Closed Lease
Division of Motor Vehicles
445 East Capitol Avenue
Tax Worksheet
Pierre, SD 57501-3100
NOTE: This worksheet, along with a copy of the lease, must accompany application for title and registration (MV-608) on closed
leases (leases in which the terms of the lease are known at the time the lease contract is executed). If the terms of the lease are
not known at the time the lease contract is executed (open end), tax is assessed on the purchase price of the vehicle. Dealer is to
certify price on the MV-608 application for title and registration. Does not apply to vehicles with a gross vehicle weight rating of
16,000 pounds or more, except fertilizer vehicles.
Leased Vehicle Information (please print or type)
Year: _______ Make: ___________________________________ VIN/Serial Number: _____________________________
Owner Information (please print)
Name of Dealer: ________________________________________ Dealer Number: ________________________________
Name of Lessor: ______________________________________________________________________________________
Lessor’s Address: _____________________________________ City: ________________ State: _______ Zip: ___________
Name of Lessee: ______________________________________________________________________________________
Lease and Tax Information
1.
Lease Payment (includes all capitalized costs but does not include: title fee, registration
1.
0.00
fees, excise tax, federal excise tax, insurance, or refundable security deposits on lease)
[number of months ______________ x $______________ per month]
2.
2.
Capitalized Cost Reduction [net trade (trade-in value minus pay-off), cash and rebate]
3.
3.
Up Front Fees [non-capitalized fees that are paid at lease signing, include: extended
service contract, administrative or document fee, lease acquisition fee, or other fees
assessed on the purchase of the vehicle]
4.
4.
0.00
Purchase price [add lines 1,2, and 3]*
5.
0.00
5. SD Excise Tax [multiply line 4 by .03]*
6.
6. Amount of Tax Paid Up Front to Another State [attach proof of tax paid]*
7. Total Tax Due [subtract line 6 from line 5]
7.
0.00
*Enter amount on the SD Application for Title and Registration (MV608) form: Line 4 under “Purchase Price” (1); Line 5 under “Tax
3%” (4); Line 6 under “Credit” (5). The dealer must certify the purchase price on the MV608 application.
NOTE: Upon buy-out of a lease, the lessor/dealer must forward assigned title, along with proper fees to the county treasurer of the
lessee’s county of residence. Purchase price on a buy-out is the amount paid for the vehicle at the end of the lease.
If a lease is extended from that of the initial lease period of if additional consideration is paid during the course of a lease, additional
tax is due. Use worksheet entitled “South Dakota Extended or Additional Consideration Lease Tax Worksheet.”
For more information or if you have additional questions, contact the SD Department of Revenue - Motor Vehicle Division at
605-773-3541.
I certify that all figures are accurate to the best of my knowledge.
Signature
Date
MV-CLTW - 07/06
CLEAR FORM
PRINT FOR MAILING
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