10-29-1. Definition of terms.
Terms as used in this chapter mean:
(1)"Air commerce," the transportation by aircraft of persons or property for hire in interstate or international transportation on regularly scheduled flights;
(2)"Aircraft," any contrivance used or designed for navigation of, or flight in the air;
(3)"Airline company," any person who undertakes directly to engage in the business of air commerce;
(4)"Flight property," all aircraft fully equipped ready for flight used in air commerce;
(5)"Flight time," hours spent by aircraft in flight on regularly scheduled flights;
(6)"Person," any individual, corporation, limited liability company, firm, copartnership, company, or association and includes any guardian, trustee, personal representative, receiver, conservator, or any person acting in any fiduciary capacity therefor;
(7)"Secretary," the secretary of revenue.
Source: SL 1961, ch 449, §1; SL 1994, ch 351, §15; 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 29 - Taxation Of Airline Flight Property
Section 10-29-1 - Definition of terms.
Section 10-29-2 - Department to assess flight property.
Section 10-29-3 - Annual report required of airline company--Date of filing--Contents.
Section 10-29-4 - Additional information in annual report--Blanks furnished.
Section 10-29-5 - Extension of time for filing of report.
Section 10-29-6 - Valuation by department on failure of company to make report--Notice to company.
Section 10-29-9 - Determination of value of flight property.
Section 10-29-10 - Apportionment to state of total value of flight property--Ratios used.
Section 10-29-12 - Notice to airline company of hearing--Equalization of assessment.
Section 10-29-14 - Application of average tax levy to assessed valuation of flight property.
Section 10-29-15 - Allocation of tax proceeds to airports.
Section 10-29-16.1 - Reassessment and reapportionment after gross error.
Section 10-29-16.2 - Period allowed for adjustment after reassessment on gross error.
Section 10-29-17 - Collection of delinquent taxes.
Section 10-29-18 - Airline flight property tax in lieu of use tax.