S.D. Codified Laws § 10-43-25.6

Current through the 2024 Legislative Session

Section 10-43-25.6 - Receipts from securities used to maintain reserves against deposits included in numerator

Notwithstanding the provisions of § 10-43-25.5, receipts from securities used to maintain reserves against deposits to meet federal and state reserve requirements shall be included in the numerator specified in § 10-43-25.1 based on the ratio that the deposits in South Dakota bear to total deposits everywhere during the tax period.

SDCL 10-43-25.6

SL 1977, ch 96, § 15 (1); SL 2014, ch 61, §10, eff. Jan. 1, 2015.

Amended by S.L. 2014, ch. 61,s. 10, eff. 1/1/2015.