INSTRUCTIONS: SOUTH DAKOTA CONTRACTORS' EXCISE TAX RETURN (Form 1933)
All licensed South Dakota contractors must submit a form 1933 to document their excise tax owed, even if no tax is owed for a given reporting period. This document can be obtained from the website of the state of South Dakota.
South Dakota Contractors' Excise Tax Return 1933 Step 1: At the top right-hand corner of the form, enter the date of the reporting period, the number of the report filed, and its due date. At the top left, enter your business name, address and license number. On the right, check the box if you are filing a return with a new address. If filing a return for a business which has ceased operation, check the box where indicated and give your last date of operation.
South Dakota Contractors' Excise Tax Return 1933 Step 2: On line one, enter your business gross receipts. On line two, enter the cost of all materials purchased by the business owner. On line three, enter the sum of deductions for all subcontractor purchases made out of state. To complete line four, enter the total of all receipts obtained in special jurisdictions. These must be detailed on lines 10 through 21.
South Dakota Contractors' Excise Tax Return 1933 Step 3: Subtract the sum of lines three and four from the sum of lines one and two. Enter the difference on line five, multiply it by 2%, and enter the product where indicated.
South Dakota Contractors' Excise Tax Return 1933 Step 4: Enter the difference from line five again on line six and multiply it by 4% to determine sales and use tax owed. Add lines five and six and enter the total on line seven to determine total tax due.
South Dakota Contractors' Excise Tax Return 1933 Step 5: Lines 10 through 21 require you to detail sales and work done in special jurisdictions. Enter the name of the city or special jurisdiction, its code, the taxable amount earned and the rate for the district. Multiply the amount earned by the tax rate to determine the special tax owed and enter the product in the last column. Total the sum of all such products on line 22. Enter the sum of lines seven and 22 on line 23. If you are filing late or have overpaid, complete lines 24 through 26 to determine your adjustments.