S.D. Codified Laws § 61-5A-8

Current through the 2024 Legislative Session

Section 61-5A-8 - Continuation of nonprofit organization's or political subdivision's election until terminated

Any nonprofit organization which makes an election in accordance with § 61-5A-6 or 61-5A-7 or any political subdivision which makes an election in accordance with § 61-5A-5.2 will continue to be liable for payments in lieu of contributions until it files with the department a written notice terminating its election not later than thirty days prior to the beginning of the taxable year for which such termination shall first be effective.

SDCL 61-5A-8

SL 1971, ch 276, § 54; SL 1977, ch 420, § 24.