10-28-7. Time of annual assessment of operating property--Separation of main lines, branches and sidetracks.
The secretary of revenue shall assess the operating property of railroads on the seventh day of July and if the seventh day of July falls on Sunday or on a legal holiday, then the following day, each year. The ownership and valuation of the assessment shall be as of January first each year, and shall be made upon the main line or lines and branches thereof and all sidetracks outside the limits of cities and incorporated towns within the state, separately.
Source: SDC 1939, §57.1305; SL 1992, ch 60, §2; SL 1996, ch 77, §1; SL 2003, ch 272 (Ex. Ord. 03-1), §82; SL 2011, ch 1 (Ex. Ord. 11-1), §161, eff. Apr. 12, 2011.
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.