13-13-10.2. Assessed value of property in tax increment financing district created before July 1, 2018--Districts created for industrial or economic development purposes.
The assessed value as determined in §13-13-10.1 of any property in a tax increment financing district formed on or before December 31, 1994, and created pursuant to chapter 11-9 is the tax increment base, as defined in §11-9-19 until the district ceases to exist as provided in §11-9-46. The assessed values, as determined in §13-13-10.1 of any property in a tax increment financing district formed after December 31, 1994, and created pursuant to chapter 11-9, is the total assessed value of the property determined by the Department of Revenue pursuant to §11-9-24, until the district ceases to exist as provided in §11-9-46. The provisions of this chapter do not apply to any tax increment financing district created after December 31, 1994, for industrial purposes. For the purposes of this chapter, the term, industrial, includes only those activities generally recognized as industrial by zoning authorities within the state, including any factory or any business engaged primarily in the manufacturing or assembly of goods, the processing of raw materials, and the wholesale distribution of products for resale. The provisions of this chapter do not apply to any tax increment financing district created after December 31, 2003, for economic development purposes. For the purposes of this chapter, the term, economic development, includes any area where there is or will be one or more businesses engaged in any activity defined as commercial or industrial by the governing body that has zoning authority over the land contained within the tax increment financing district.
This section applies to any tax increment financing district created before July 1, 2018.
Source: SL 1993, ch 126; SL 1996, ch 69, §15; SL 2004, ch 126, §1; SL 2011, ch 1 (Ex. Ord. 11-1), §161, eff. Apr. 12, 2011; SL 2018, ch 70, §1.
Structure South Dakota Codified Laws
Chapter 13 - General State Aid To Schools
Section 13-13-1 - Apportionment among school districts of school fund income.
Section 13-13-1.1 - Individual school district average daily membership defined.
Section 13-13-1.2 - Fall enrollment records subject to examination by department.
Section 13-13-1.3 - Overreported fall enrollment data--Recovery of overpayment--Misdemeanor.
Section 13-13-2 - Payments to school districts of permanent school fund income.
Section 13-13-4 - Sources of county general school fund.
Section 13-13-5 - Report and distribution of county general school fund to school districts.
Section 13-13-6 - Payment of tax collections to school districts--Receipt.
Section 13-13-10.1 - Definitions.
Section 13-13-10.4 - Enrolled student defined.
Section 13-13-10.5 - Student enrolled on partial basis--Effect on fall enrollment.
Section 13-13-11 - Purpose and policy of general school aid.
Section 13-13-13 - Eligibility of district for state aid.
Section 13-13-14 - Attendance centers for entire term required.
Section 13-13-18 - Accredited public schools required.
Section 13-13-19 - Eligibility of newly reorganized district.
Section 13-13-20.4 - Actual assessed value for property given reduced value.
Section 13-13-36 - Manner of payment of state aid.
Section 13-13-37 - Submission of final financial report.
Section 13-13-37.4 - Promulgation of rules.
Section 13-13-41 - Correction of errors in foundation program payments.
Section 13-13-71 - Equalizing increase in local effort with increase in need.
Section 13-13-72 - Legislative policy on annual increase in appropriation for state aid.
Section 13-13-72.1 - Adjustment to certain levies.
Section 13-13-73 - Calculation of state aid for each school district.
Section 13-13-73.1 - Real property valuation of manufactured homes to be excluded from calculation.
Section 13-13-73.6 - Teacher compensation-- Increases.
Section 13-13-73.7 - Legislative intent regarding increases in teacher compensation.
Section 13-13-78 - Definition of terms used in § 13-13-79.
Section 13-13-79 - Distribution of funds to sparse school districts.
Section 13-13-81 - Definition of terms.
Section 13-13-82 - State aid to certain school districts for career and technical education.
Section 13-13-83 - Monthly payments.
Section 13-13-85 - Transfer of funds for jump start scholarships.
Section 13-13-86 - Child residing in licensed group care center for minors.
Section 13-13-88 - Workforce education fund created.
Section 13-13-89 - Disbursements from workforce education fund.
Section 13-13-90 - Promulgation of rules regarding workforce education fund.