S.D. Admin. R. 64:26:02:12
For any revenue collected for the tax year ending December 31, 1999, and thereafter, the tax remittances for the branches of depository institutions shall be distributed to each county pro rata based on the relationship the deposits at all branches in each county bear to the total deposits of the institution. The deposit information upon which this distribution shall be based is the deposit information filed with the Federal Deposit Insurance Corporation on June 30 of the year in which the tax return establishing the liability of the depository institution is due. The tax remittances from non-depository institutions shall be distributed pro rata based on the relationship net profits at all branches in each county bear to the total net profits of the non-depository institution.
S.D. Admin. R. 64:26:02:12
General Authority: SDCL 10-43-42.1(1)(2).
Law Implemented: SDCL 10-43-76.