S.D. Codified Laws § 10-35-1.10

Current through the 2024 Legislative Session

Section 10-35-1.10 - [Repealed effective 1/1/2046] Promulgation of rules on environmental upgrade exemption

The secretary of the Department of Revenue may promulgate rules, pursuant to chapter 1-26, concerning this exemption to:

(1) Specify the real and personal property that makes up an environmental upgrade;

(2) Determine the original and depreciated cost of the environmental upgrade;

(3) Establish a procedure to calculate the effect of the exemption upon the assessed value of the coal-fired power plant; and

(4) Allocate the exemption between the ownership of the coal-fired power plant.

SDCL 10-35-1.10

SL 2006, ch 44, §4; SL 2011, ch 1 (Ex. Ord. 11-1), § 161, eff. Apr. 12, 2011.

This section is repealed effective January 1, 2046 pursuant to SL 2013, ch 51, §2.