South Dakota Statutes
§ 10-29-15 — Allocation of tax proceeds to airports.
The taxes imposed by this chapter shall be allocated by the secretary of revenue to the airports where such airline companies make regularly scheduled landings and shall be used exclusively by such airports for airport purposes as determined by the local airport governing body and approved by the Department of Transportation. Allocation shall be as follows:
(1)Twenty-five percent of the total tax assessed from each airline company shall be allocated equally to each airport in this state served by such airline company;
(2)Seventy-five percent of the total tax assessed to each airline company shall be allocated to each airport in this state served by each airline company on the basis which that ratio of total tonnage of passengers, mail, express, and freight first received and finall
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South Dakota § 10-29-15 (Allocation of tax proceeds to airports.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Western Air Lines, Inc. v. Hughes County
372 N.W.2d 106 (South Dakota Supreme Court, 1985)
Legislative History
SL 1961, ch 449, § 12; SL 2003, ch 272 (Ex. Ord. 03-1), § 82; SL 2011, ch 1 (Ex. Ord.
Nearby Sections
15
§ 10-1-1.1
, 10-1-2§ 10-1-13
General functions of secretary.§ 10-1-13.1
Interstate agreements for administration of excise and income taxes--Exchange of information.§ 10-1-15
General supervision of assessment of property for taxation--Forms--Classification of property.§ 10-1-16
Advice and direction to directors of equalization and boards--Instructional meetings of directors.§ 10-1-16.1
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