South Dakota § 10-35-2 Operating property assessed by department.

South Dakota Statutes

§ 10-35-2 — Operating property assessed by department.

South Dakota § 10-35-2

Title 10TAXATION

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

This text of South Dakota § 10-35-2 (Operating property assessed by department.) 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 § 10-35-2 (2026).

Text

All property, real and personal, belonging to or held under lease or otherwise by any light or power company, heating company, water company, or gas company as the same is defined in § 10-35-1 and used by it exclusively in the operation of its line or lines in this state, except such as is held under lease and used in such manner as to make it taxable to the owner under the general property tax laws, shall be assessed annually for taxation by the Department of Revenue, and not otherwise.

Free access — add to your briefcase to read the full text and ask questions with AI

All property, real and personal, belonging to or held under lease or otherwise by any light or power company, heating company, water company, or gas company as the same is defined in § 10-35-1 and used by it exclusively in the operation of its line or lines in this state, except such as is held under lease and used in such manner as to make it taxable to the owner under the general property tax laws, shall be assessed annually for taxation by the Department of Revenue, and not otherwise.