10-28-21.4. Capital improvement plan required to claim tax credit.
Each year the railroad or railroad corporation requesting tax credits shall prepare a capital improvement plan detailing the proposed mainline and secondary line capital improvement projects including the project scope, estimated value, approximate scheduling of the projects, and the current category of the line on the railroad's system diagram map as provided in 49 CFR §1152.10 as of January 1, 2014. The plan shall be presented to the Department of Transportation by March first of each year for any capital improvement project for which a tax credit will be requested.
Source: SL 2004, ch 88, §3; SL 2014, ch 58, §3.
Structure South Dakota Codified Laws
Chapter 28 - Taxation Of Railroad Operating Property
Section 10-28-1 - Secretary to assess operating property.
Section 10-28-2 - Assets included in operating property.
Section 10-28-3 - Annual statement required of railroad company--Date of filing--Contents.
Section 10-28-4 - Annual statement of railroad property occupied by warehousemen and others.
Section 10-28-5 - Addition to assessment value on failure of railroad to make statements.
Section 10-28-6 - Annual list of warehousemen and other occupants of railroad property--Contents.
Section 10-28-8 - Capital stock and other property included--Nonoperating property excepted.
Section 10-28-9 - Allocation of valuation for railroad operating partly without state.
Section 10-28-10 - Local assessment of nonoperating property permitted.
Section 10-28-11 - Nonoperating property defined--Rules.
Section 10-28-12 - Unit valuation of railroad operating property.
Section 10-28-14 - Department of Transportation to assist in valuation.
Section 10-28-15 - Notice to railroad of assessment--Hearing--Notice of equalized assessment.
Section 10-28-16 - Notice to county auditors of railroad mileage and assessments--Distribution.
Section 10-28-20 - Notice to county auditor of deeds to railroads--Entry on railroad map.
Section 10-28-21.3 - Expenses of a capital nature defined.
Section 10-28-21.4 - Capital improvement plan required to claim tax credit.
Section 10-28-21.6 - Promulgation of rules on capital expense tax credits.
Section 10-28-23 - Collection of delinquent railroad taxes.
Section 10-28-24 - Exemption of railroad companies operating over state-owned rail lines.
Section 10-28-25 - Promulgation of rules concerning leased property.