There is a newer version of the South Dakota Codified Laws
2011 South Dakota Code
Title 10 TAXATION
Chapter 43. Income Tax On Banks And Financial Corporations
§10-43-25.6 Receipts from securities used to maintain reserves against deposits.
SD Codified L § 10-43-25.6 (through 2011) What's This?
10-43-25.6. Receipts from securities used to maintain reserves against deposits. Notwithstanding the provisions of § 10-43-25.5, receipts from securities used to maintain reserves against deposits to meet federal and state reserve requirements shall be attributed to this state based on the ratio that the deposits in South Dakota bear to total deposits in all of the states of the United States, District of Columbia, and any territory or subdivision thereof.
Source: SL 1977, ch 96, § 15 (1).
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