S.D. Codified Laws § 58-6-68

Current through the 2024 Legislative Session

Section 58-6-68 - Insurers subject to taxation-Filing of returns and reports-Exemption of qualified pension, annuity, or profit-sharing plans

Insurers shall be subject to taxation according to the provisions of Title 10 and shall file such tax returns and reports as may be directed by the director, provided, however, that no tax shall be due or payable as to premiums or considerations received from policies or contracts issued in connection with a pension, annuity, or profit-sharing plan exempt or qualified under section 401, 403(b), 404, 408, 457, or 501(a) of the United States Internal Revenue Code with respect to the tax payable in 1973 and annually thereafter.

SDCL 58-6-68

SL 1966, ch 111, ch 3, § 28 (1); SL 1972, ch 260, § 1; SL 1975, ch 306; SL 1989, ch 422.