South Dakota Statutes
§ 3-12C-402 — Additional contribution for foundation members.
South Dakota § 3-12C-402
This text of South Dakota § 3-12C-402 (Additional contribution for foundation members.) 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 § 3-12C-402 (2026).
Text
Each participating unit shall make an additional contribution in the amount of six and two-tenths percent of any foundation member's compensation in each calendar year that exceeds the maximum taxable amount for social security for the calendar year. The additional contribution may be made only for Class A foundation members and may not be treated as an employer contribution.
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Legislative History
SL 2002, ch 23, § 5; SL 2016, ch 32, § 37; SDCL § 3-12-91.1; SL 2019, ch 22, § 1; SL 2025, ch 27, § 29.
Nearby Sections
15
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Bluebook (online)
South Dakota § 3-12C-402, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/3-12C-402.