Sd Eform - 1895 V7 - Contractors' Excise Tax Bid Factor Calculator Page 2
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SD EForm -
1895
V7
HELP
Contractors’ Excise Tax Bid Factor Calculator
Revised
South Dakota Department of Revenue & Regulation
01/07
445 E. Capitol Avenue | Pierre, SD 57501-3185 | 1-800-TAX-9188
Contractors’ excise tax is calculated on total gross receipts. Gross receipts are defined as the total amount received includ-
ing, but not limited to, sales tax, contractors’ excise tax, cost of materials, your labor and profit, owner-furnished materials
and any other expenses. Because the tax is included in your gross receipts, the department has developed a factor of
2.041% that can be used to calculate excise tax due when preparing a bid or invoice for your customer. This factor allows
you to recover the excise tax you will owe.
The example below demonstrates how to use the bid factor. You can also enter your own figures and the form will calculate
the appropriate amount of contractors’ excise tax to include in your bid or invoice based on the information you entered.
Important: If no sales tax was paid on the materials or a rate less than would be due in South Dakota was paid, the contractor must
report the value of the materials on line 6 of the contractors’ excise tax return and submit use tax on that amount. This applies to
contractor-provided materials and owner-furnished materials supplied by exempt qualified utility and government entities.
For additional information regarding contractors’ excise tax, please read our Contractors’ Excise Tax Guide Book or call us
at 1-800-829-9188.
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