Statutes, codes, and regulations
South Dakota Codified Laws
Title 10 - TAXATION
Chapter 28 - TAXATION OF RAILROAD OPERATING PROPERTY
Section 10-28-9 - Allocation of valuation for railroad operating partly without state

S.D. Codified Laws § 10-28-9

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Current through the 2024 Legislative Session
Section 10-28-9 - Allocation of valuation for railroad operating partly without state

If any railroad company owns or uses operating property partly within and partly without this state, the secretary of revenue shall determine the value of the entire operating property of such railroad and shall allocate or assign a part of said value to this state by the use of such factors or methods as are reasonable and equitable.

SDCL 10-28-9

SDC 1939, § 57.1305; SL 2003, ch 272 (Ex. Ord. 03-1), § 82; SL 2011, ch 1 (Ex. Ord. 11-1), § 161, eff. Apr. 12, 2011.