10-29-15. Allocation of tax proceeds to airports.
The taxes imposed by this chapter shall be allocated by the secretary of revenue to the airports where such airline companies make regularly scheduled landings and shall be used exclusively by such airports for airport purposes as determined by the local airport governing body and approved by the Department of Transportation. Allocation shall be as follows:
(1)Twenty-five percent of the total tax assessed from each airline company shall be allocated equally to each airport in this state served by such airline company;
(2)Seventy-five percent of the total tax assessed to each airline company shall be allocated to each airport in this state served by each airline company on the basis which that ratio of total tonnage of passengers, mail, express, and freight first received and finally discharged at each airport in this state by such airline company during the preceding calendar year bears to the total tonnage of passengers, mail, express and freight first received and finally discharged at all airports in this state served by such airline company during the preceding calendar year.
Source: SL 1961, ch 449, §12; 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.