South Dakota § 10-35-1.6 Amount of tax exemption during construction of qualifying power generation facility.

South Dakota Statutes

§ 10-35-1.6 — Amount of tax exemption during construction of qualifying power generation facility.

South Dakota § 10-35-1.6

Title 10TAXATION

Ch. 10-35TAXATION OF ELECTRIC, HEATING, WATER AND GAS COMPANIES

This text of South Dakota § 10-35-1.6 (Amount of tax exemption during construction of qualifying power generation facility.) 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 § 10-35-1.6 (2026).

Text

During the construction period of a qualifying power generation facility, the exemption provided in § 10-35-1.5 shall be as follows:

(1)For the first legal assessment date after the construction date of the power generation facility, as provided in § 10-35-9 , upon all value in excess of ten percent of the amount provided in § 10-35-1.5 ;

(2)For the second legal assessment date after the construction date of the power generation facility, as provided in § 10-35-9 , upon all value in excess of twenty percent of the amount provided in § 10-35-1.5 ; and (3) For the third and subsequent legal assessment dates after the construction date of the power generation facility, as provided in § 10-35-9 , upon all value in excess of thirty percent of the amount provided in § 10-35-1.5 .

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During the construction period of a qualifying power generation facility, the exemption provided in § 10-35-1.5 shall be as follows: (1) For the first legal assessment date after the construction date of the power generation facility, as provided in § 10-35-9 , upon all value in excess of ten percent of the amount provided in § 10-35-1.5 ; (2) For the second legal assessment date after the construction date of the power generation facility, as provided in § 10-35-9 , upon all value in excess of twenty percent of the amount provided in § 10-35-1.5 ; and (3) For the third and subsequent legal assessment dates after the construction date of the power generation facility, as provided in § 10-35-9 , upon all value in excess of thirty percent of the amount provided in § 10-35-1.5 .