Certification of Owner Occupied Dwelling - Contractor Only - South Dakota

Certification of Owner Occupied Dwelling - Contractor Only is a legal document that was released by the South Dakota Department of Revenue - a government authority operating within South Dakota.

FAQ

Q: What is a Certification of Owner Occupied Dwelling?A: A certification of owner occupied dwelling is a document required by certain states, including South Dakota, that verifies the homeowner is living in the property.

Q: Who needs to provide a Certification of Owner Occupied Dwelling?A: In South Dakota, only contractors are required to provide a certification of owner occupied dwelling.

Q: What does the Certification of Owner Occupied Dwelling indicate?A: The certification indicates that the contractor has verified the property as owner-occupied and the work being done is eligible for certain tax benefits.

Q: What is the purpose of the Certification of Owner Occupied Dwelling?A: The purpose of the certification is to prevent contractors from fraudulently claiming tax benefits for work on non-owner occupied properties or rental properties.

Q: Are homeowners required to submit this certification?A: No, homeowners are not required to submit the certification in South Dakota. Only contractors need to provide it.

Q: Is the Certification of Owner Occupied Dwelling applicable only to South Dakota?A: Yes, the certification requirement is specific to South Dakota. Other states may have similar requirements, but this information pertains to South Dakota only.

Q: What are the consequences of not providing the Certification of Owner Occupied Dwelling?A: Failure to provide the certification as required by South Dakota law may result in the contractor being ineligible for certain tax benefits for the project.

Q: Can the Certification of Owner Occupied Dwelling be submitted electronically?A: Yes, the certification can be submitted electronically. Contact the South Dakota Department of Revenue for more information on electronic submission options.

Q: How long is the Certification of Owner Occupied Dwelling valid?A: The certification is typically valid for the duration of the construction project. Once the project is complete, a new certification may be required for any future work.