South Dakota Statutes

§ 10-43-23.2 — Valuation of property owned or rented--Net annual rental rate.

South Dakota § 10-43-23.2
JurisdictionSouth Dakota
Title 10TAXATION
Ch. 10-43INCOME TAX ON BANKS AND FINANCIAL CORPORATIONS

This text of South Dakota § 10-43-23.2 (Valuation of property owned or rented--Net annual rental rate.) 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 § 10-43-23.2 (2026).

Text

Property owned by the financial institution is valued at its original cost. Property rented by the financial institution is valued at eight times the net annual rental rate. Net annual rental rate is the annual rental rate paid by the taxpayer less any annual rental received by the financial institution from subrentals.

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Legislative History

SL 1977, ch 96, § 7.

Nearby Sections

15
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Bluebook (online)
South Dakota § 10-43-23.2, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/10-43-23.2.