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2011 South Dakota Code
Title 10 TAXATION
Chapter 43. Income Tax On Banks And Financial Corporations
§10-43-23.2 Valuation of property owned or rented--Net annual rental rate.


SD Codified L § 10-43-23.2 (through 2011) What's This?

10-43-23.2. Valuation of property owned or rented--Net annual rental rate. Property owned by the financial institution is valued at its original cost. Property rented by the financial institution is valued at eight times the net annual rental rate. Net annual rental rate is the annual rental rate paid by the taxpayer less any annual rental received by the financial institution from subrentals.

Source: SL 1977, ch 96, § 7.

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