South Dakota Statutes
§ 10-39-56 — Tax on owners of royalty or working interests--Withholding and remittance--Exemptions.
South Dakota § 10-39-56
This text of South Dakota § 10-39-56 (Tax on owners of royalty or working interests--Withholding and remittance--Exemptions.) 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 § 10-39-56 (2026).
Text
The owner of a royalty interest, of an overriding royalty or of profits or working interest shall pay a tax equal to eight percent of the value received for the right to sever precious metals. The person severing precious metals shall withhold the tax from the distributions made to the owner of interest. The person severing precious metals shall remit the tax with his quarterly remittance following the distribution. The provisions of this section do not apply to royalty interests owned by the federal government, state government, or a local government.
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Legislative History
SL 1984, ch 78, § 10.
Nearby Sections
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Bluebook (online)
South Dakota § 10-39-56, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/10-39-56.