Payments under the Alaska Native Claims Settlement Act, 43 U.S.C. § 1601, which are exempt from taxation under 43 U.S.C. § 1620 shall be excluded as income in determining the eligibility for or the amount of assistance payment. Income which is not exempted from taxation under the Alaska Native Claims Settlement Act shall be considered to the same extent as any other income. Payments received by the member as a result of the investment of funds under this Act shall be considered income.
S.D. Admin. R. 67:12:05:66
General Authority: SDCL 28-7-2.
Law Implemented: SDCL 28-7-4, 43 U.S.C. §§ 1601, 1620.