10-39A-8. Proceeds distributed.
All taxes, interest and penalties imposed and collected by the secretary under this chapter shall be distributed as follows:
(1)One-half shall be returned to the county in which the energy minerals or mineral products were severed; and
(2)One-half share shall be paid into the state treasury and credited to the general fund.
Source: SL 1978, ch 81, §§11, 12; SL 1979, ch 77, §§4, 5; SL 1981, ch 96; SL 2003, ch 272 (Ex. Ord. 03-1), §82; SL 2007, ch 28, §1; SL 2011, ch 1 (Ex. Ord. 11-1), §161, eff. Apr. 12, 2011; SL 2021, ch 49, § 3.
Structure South Dakota Codified Laws
Chapter 39A - Energy Minerals Severance Tax
Section 10-39A-1 - Severance tax imposed on energy minerals--Rate.
Section 10-39A-1.1 - Definition of terms.
Section 10-39A-2.1 - Posted field price as taxable value.
Section 10-39A-2.2 - Uranium ore taxed on triuranium octa-oxide content.
Section 10-39A-3.1 - Point of imposition of severance tax.
Section 10-39A-7 - Severance tax in lieu of taxes other than sales, use, and property taxes.
Section 10-39A-8 - Proceeds distributed.
Section 10-39A-9 - Funds paid to counties.
Section 10-39A-10 - County trust and agency account--Purposes for which proceeds used by counties.