South Dakota Statutes
§ 10-35-18 — Annual tax based on nameplate capacity of wind farm or solar facility.
Any company owning or holding under lease, or otherwise, real or personal property used, or intended for use, as a wind farm producing power for the first time after June 30, 2007, or a solar facility, shall pay an annual tax equal to three dollars multiplied by the nameplate capacity of the renewable facility. The tax shall be imposed beginning the first calendar year the renewable facility generates gross receipts. The tax shall be paid annually to the secretary the first day of February of the following year. The tax for the first calendar year shall be prorated based upon the percentage of the calendar year remaining after the company generates gross receipts. Except as otherwise provided in §§ 10-35-16 to 10-35-21 , inclusive, the provisions of chapter 10-59 apply to the administratio
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South Dakota § 10-35-18 (Annual tax based on nameplate capacity of wind farm or solar facility.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 2008, ch 49, § 3; SL 2016, ch 61, § 3.
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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