49-1A-3. Annual intrastate gross receipts tax levied--Amount.
There is hereby levied on each public utility as defined in subdivision 49-34A-1(12), which is subject to the rate regulation of the commission, and all telecommunications companies as defined in subdivision 49-31-1(26), a tax of not more than .0015 or two hundred fifty dollars, whichever is greater upon the annual intrastate gross receipts derived by the public utility or telecommunications company from its customers within the State of South Dakota during the preceding calendar year. The two hundred fifty dollar minimum gross receipt tax does not apply to telecommunications companies providing local exchange service as defined in subdivision 49-31-1(13) or to radio common carriers.
Source: SL 1975, ch 112, §3; SL 1976, ch 292, §2; SL 1982, ch 324, §§1, 2; SL 1988, ch 375, §28; SL 1991, ch 381, §4; SL 1994, ch 352, §1; SL 1996, ch 271; SL 2003, ch 235, §1.
Structure South Dakota Codified Laws
Title 49 - Public Utilities and Carriers
Chapter 01A - Public Utilities Commission Gross Receipts Tax Fund
Section 49-1A-1 - Purpose of fund.
Section 49-1A-2 - Gross receipts tax fund established.
Section 49-1A-3 - Annual intrastate gross receipts tax levied--Amount.
Section 49-1A-5 - Tax payment date.
Section 49-1A-6 - Penalty for late payment--Collection procedure.
Section 49-1A-9 - Deposit used to defray analyzing and ruling expenses--Payment on warrants.
Section 49-1A-11 - Actual costs assessed to electric or gas utility or to a utility's supplier.