South Dakota Statutes
§ 10-39-68 — Additional tax on precious metals--Rate.
In addition to the tax imposed in § 10-39-43 , there is hereby imposed an additional tax on each ounce of precious metals severed as follows:
(1)Four dollars per ounce of gold severed during a quarter if the average price of the precious metal is eight hundred dollars per ounce or greater;
(2)Three dollars per ounce of gold severed during a quarter if the average price of the precious metal is seven hundred dollars per ounce or greater;
(3)Two dollars per ounce of gold severed during a quarter if the average price of the precious metal is six hundred dollars per ounce or greater; and (4) One dollar per ounce of gold severed during a quarter if the average price of the precious metal is five hundred dollars per ounce or greater. The average price of gold shall be computed by
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South Dakota § 10-39-68 (Additional tax on precious metals--Rate.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 1994, ch 89, § 5.
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