There is a newer version of the South Dakota Codified Laws
2011 South Dakota Code
Title 10 TAXATION
Chapter 04. Property Subject To Taxation
§10-4-8.1 Local industrial development corporation property exempt from taxation--Limitation.
SD Codified L § 10-4-8.1 (through 2011) What's This?
10-4-8.1. Local industrial development corporation property exempt from taxation--Limitation. One hundred thousand dollars of the full and true value of the total amount of real property or portion thereof owned by a local industrial development corporation defined pursuant to § 5-14-23 is exempt from property taxation. The full and true value of the real property that is in excess of one hundred thousand dollars shall be taxed as other property of the same class is taxed. If any municipality has more than one local industrial development corporation owning real property within its incorporated boundaries, the total value of exempt property provided by this section shall be equally divided between each local industrial development corporation.
Source: SL 2006, ch 36, § 1.
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