There is a newer version of the South Dakota Codified Laws
2012 South Dakota Codified Laws
Title 54 DEBTOR AND CREDITOR
Chapter 04. Money Lending Licenses
§54-4-55 Exemption from other taxes.
SD Codified L § 54-4-55 (through 2012) What's This?
54-4-55. Exemption from other taxes. Except for taxes on real property and license fees and other fees imposed by this chapter, the tax imposed in § 54-4-54 is in lieu of all other taxes and license fees, state, county, or local, upon the business of the licensee, or upon any money, credits, or other assets of the licensee whether tangible or intangible, and which money, credits, or other assets are used for or in connection with the conduct of business transacted in South Dakota. However, amounts determined to be in excess of business capital requirements are not exempt from other taxes.
Source: SL 1998, ch 280, § 20; SL 2006, ch 245, § 9.
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