South Dakota Statutes
§ 10-39A-2 — Taxable value based on sale price or market value--Governmental royalty interests deducted.
Except as otherwise provided in this chapter, the taxable value of any energy mineral which has been sold is the sale price of such mineral less any rental or royalty payment belonging to the United States or the State of South Dakota or its political subdivisions and the taxable value of any severed and saved energy mineral which has not been sold is the market value of such mineral less any rental or royalty payment belonging to the United States or the State of South Dakota or its political subdivisions.
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South Dakota § 10-39A-2 (Taxable value based on sale price or market value--Governmental royalty interests deducted.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 1977, ch 93, § 1; SL 1978, ch 81, § 4.
Nearby Sections
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§ 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
Standard real estate appraisal manual.