South Dakota Statutes
§ 10-52-10 — Refund of tax on capital assets used in manufacturing personal property for sale or lease.
South Dakota § 10-52-10
This text of South Dakota § 10-52-10 (Refund of tax on capital assets used in manufacturing personal property for sale or lease.) 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 § 10-52-10 (2026).
Text
A municipality imposing a sales or use tax under this chapter may by ordinance enacted by its local governing body provide for a refund for such taxes to the consumer or user of machinery or other tangible personal property in the nature of a capital asset which is used directly in the manufacturing or processing or fabricating or compounding of personal property which is intended to be sold or leased for final use consumption. The ordinance shall provide a procedure for making application for refund and the payment of the refund by the municipality.
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Legislative History
SL 1985, ch 98.
Nearby Sections
15
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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
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Bluebook (online)
South Dakota § 10-52-10, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/10-52-10.