Form 1935 - South Dakota Contractors' Excise Tax Return Worksheet/instructions
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SD EForm - 1935
V5
Complete and use the button at the end to print for mailing.
License Number
Return Period
Date Filed
Amount Paid
Department of
Check Number
evenue &
R
egulation
CONTRACTORS’ EXCISE TAX RETURN WORKSHEET/INSTRUCTIONS
This worksheet is for your records only. Be careful to transfer the correct figures to the actual tax return.
Additional worksheets can be obtained by contacting your nearest Department of Revenue & Regulation office or at our
website:
Excise Tax Calculation
Gross Receipts (Do NOT deduct out any tax before
1.
1.
reporting your gross receipts.)
Include all taxable and non-taxable receipts during the reporting
period for construction services or performing realty improvement,
including receipts for projects located in a Special Jurisdiction.
2.
Owner Furnished Materials
2.
Include the total value of all materials the owner furnishes that are
used by the contractor for the realty improvement.
Do not include material furnished when the project is for a qualified
utility project
3.
3.
Deductions (Subcontractors Receipts, Out-Of-State)
Include the total gross receipts received for projects you received a
prime contractors’ exemption certificate for. Do not include receipts
if the project is for a qualified utility project.
Include receipts for projects located outside of South Dakota or any
other non-taxable transactions that were included in Line 1.
Spec Juris Receipts (Detail in City Section)
4.
4.
Special Jurisdictions include the Cheyenne River, Oglala, Rosebud,
and Standing Rock Special Jurisdictions. Include receipts from
projects in Special Jurisdictions on Line 1. Include Owner furnished
material used in Special Jurisdictions on Line 2. The taxable
receipts and owner furnished materials from projects located in
Special Jurisdictions are deducted on Line 4 and are reported in the
City and Special Jurisdiction tax calculation area using the code for
the Special Jurisdiction the project was in.
5.2
5.
Net State Excise Taxable
5.1
Add Lines 1 and 2 and Subtract Lines 3 and 4
x 2%
$0.00
$0.00
Net Sales and/or Use Taxable
6.1
6.2
6.
Enter construction materials, equipment, office supplies and
$0.00
services used and consumed during this period when sales tax
x 4%
was not paid to the vendor at the time of purchase. Also enter any
taxable retail sales or services performed during this period if you
do not have a sales tax license. Examples: snow removal, lawn
care or consulting service.
7.
7.
Total State Tax Due
$0.00
Add Lines 5.2 and 6.2
A return MUST be filed even if no tax is due.
(Continue on reverse side)
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