South Dakota Statutes
§ 10-43-24.1 — Payroll factor.
South Dakota § 10-43-24.1
This text of South Dakota § 10-43-24.1 (Payroll factor.) 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 § 10-43-24.1 (2026).
Text
The payroll factor used in § 10-43-22.1 is a fraction, the numerator of which is the total amount paid in this state during the tax period by the financial institution for compensation, and the denominator of which is the total compensation paid everywhere during the tax period. Compensation does not include any payment to any independent contractor or any other person not classified as an employee.
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Legislative History
SL 1977, ch 96, § 9; SL 2014, ch 61, § 2, eff. Jan. 1, 2015; SL 2016, ch 62, § 9.
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Bluebook (online)
South Dakota § 10-43-24.1, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/10-43-24.1.