South Dakota § 1-16H-44 Property tax exemption for certain leased property in Lawrence County.

South Dakota Statutes

§ 1-16H-44 — Property tax exemption for certain leased property in Lawrence County.

South Dakota § 1-16H-44

Title 1STATE AFFAIRS AND GOVERNMENT

Ch. 1-16HSCIENCE AND TECHNOLOGY AUTHORITY

This text of South Dakota § 1-16H-44 (Property tax exemption for certain leased property in Lawrence County.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 1-16H-44 (2026).

Text

If the authority leases land, improvements, equipment, fixtures, or other property interests in Lawrence County to an entity that:

(1)Is organized and operated on a not-for-profit basis;

(2)Is organized as a limited liability company;

(3)Has members of the limited liability company otherwise qualifying for exemption from real property taxation in the state where the entity's headquarters are located; and (4) Is organized and operated for scientific research and related educational purposes; the property and any possessory interest in the property is exempt from real property taxation.

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If the authority leases land, improvements, equipment, fixtures, or other property interests in Lawrence County to an entity that: (1) Is organized and operated on a not-for-profit basis; (2) Is organized as a limited liability company; (3) Has members of the limited liability company otherwise qualifying for exemption from real property taxation in the state where the entity's headquarters are located; and (4) Is organized and operated for scientific research and related educational purposes; the property and any possessory interest in the property is exempt from real property taxation.