South Dakota Statutes
§ 9-40-39 — Tax exemption of waterworks and waste disposal facilities.
All land, improvements and capital equipment owned, leased, acquired, or operated by the municipality pursuant to a lease having a fixed term plus renewal options exceeding three years or a lease - purchase or installment purchase contract, or pursuant to an operating contract described in § 9-40-38 constitute a separate class of property which is exempt from all taxation.
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South Dakota § 9-40-39 (Tax exemption of waterworks and waste disposal facilities.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 1985, ch 66, § 3.
Nearby Sections
15
§ 9-1-1
Definition of terms.§ 9-1-9
Repealed.