S.D. Admin. R. 64:41:01:06

Current through Register Vol. 51, page 67, December 16, 2024

Section 64:41:01:06 - Property leased for three or more years

If property is leased for a term of three years or more by a railroad company, the leasehold interest of the lessee is subject to assessment by the local assessor. The assessment shall be made to the lessee and not to the railroad company.

SL 1975, ch 16, § 1; 13 SDR 129, 13 SDR 134, effective 7/1/1987; 21 SDR 219, effective 7/1/1995.

General Authority: SDCL 10-28-25.

Law Implemented: SDCL 10-4-23.