South Dakota § 5-12-19 Tax exemption of property owned or leased by authority--Exception.

South Dakota Statutes

§ 5-12-19 — Tax exemption of property owned or leased by authority--Exception.

South Dakota § 5-12-19

Title 5PUBLIC PROPERTY, PURCHASES AND CONTRACTS

Ch. 5-11SOUTH DAKOTA BUILDING AUTHORITY

This text of South Dakota § 5-12-19 (Tax exemption of property owned or leased by authority--Exception.) 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 § 5-12-19 (2026).

Text

Except as hereinafter provided, all land, improvements, and capital equipment owned by the Building Authority, or being leased or acquired by the authority pursuant to a lease having a fixed term plus renewal options exceeding three years, or a lease - purchase or installment purchase contract, shall constitute a separate class of property which is exempt from taxation. Land owned by the authority, or being leased or acquired by the authority, to accomplish projects of the kind listed in § 5-12-8 is not exempt from taxation.

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Except as hereinafter provided, all land, improvements, and capital equipment owned by the Building Authority, or being leased or acquired by the authority pursuant to a lease having a fixed term plus renewal options exceeding three years, or a lease - purchase or installment purchase contract, shall constitute a separate class of property which is exempt from taxation. Land owned by the authority, or being leased or acquired by the authority, to accomplish projects of the kind listed in § 5-12-8 is not exempt from taxation.