South Dakota Codified Laws
Chapter 35 - Taxation Of Electric, Heating, Water And Gas Companies
Section 10-35-1.6 - Amount of tax exemption during construction of qualifying power generation facility.

10-35-1.6. Amount of tax exemption during construction of qualifying power generation facility.
During the construction period of a qualifying power generation facility, the exemption provided in §10-35-1.5 shall be as follows:
(1)For the first legal assessment date after the construction date of the power generation facility, as provided in §10-35-9, upon all value in excess of ten percent of the amount provided in §10-35-1.5;
(2)For the second legal assessment date after the construction date of the power generation facility, as provided in §10-35-9, upon all value in excess of twenty percent of the amount provided in §10-35-1.5; and
(3)For the third and subsequent legal assessment dates after the construction date of the power generation facility, as provided in §10-35-9, upon all value in excess of thirty percent of the amount provided in §10-35-1.5.

Source: SL 2005, ch 66, §4.

Structure South Dakota Codified Laws