Statutes, codes, and regulations
South Dakota Codified Laws
Title 5 - PUBLIC PROPERTY, PURCHASES AND CONTRACTS
Chapter 12 - SOUTH DAKOTA BUILDING AUTHORITY
Section 5-12-19 - Tax exemption of property owned or leased by authority-Exception

S.D. Codified Laws § 5-12-19

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Current through the 2024 Legislative Session
Section 5-12-19 - Tax exemption of property owned or leased by authority-Exception

Except as hereinafter provided, all land, improvements, and capital equipment owned by the Building Authority, or being leased or acquired by the authority pursuant to a lease having a fixed term plus renewal options exceeding three years, or a lease-purchase or installment purchase contract, shall constitute a separate class of property which is exempt from taxation. Land owned by the authority, or being leased or acquired by the authority, to accomplish projects of the kind listed in § 5-12-8 is not exempt from taxation.

SDCL 5-12-19

SL 1967, ch 276, § 14; SL 1983, ch 32, § 5; SL 1988, ch 50, § 5.