Statutes, codes, and regulations
South Dakota Codified Laws
Title 10 - TAXATION
Chapter 43 - INCOME TAX ON BANKS AND FINANCIAL CORPORATIONS
Section 10-43-23.2 - Valuation of property owned or rented-Net annual rental rate

S.D. Codified Laws § 10-43-23.2

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Current through the 2024 Legislative Session
Section 10-43-23.2 - Valuation of property owned or rented-Net annual rental rate

Property owned by the financial institution is valued at its original cost. Property rented by the financial institution is valued at eight times the net annual rental rate. Net annual rental rate is the annual rental rate paid by the taxpayer less any annual rental received by the financial institution from subrentals.

SDCL 10-43-23.2

SL 1977, ch 96, § 7.