There is a newer version of the South Dakota Codified Laws
2012 South Dakota Codified Laws
Title 9 MUNICIPAL GOVERNMENT
Chapter 40. Utility Facilities And Revenue Bonds
§9-40-39 Tax exemption of waterworks and waste disposal facilities.
SD Codified L § 9-40-39 (through 2012) What's This?
9-40-39. Tax exemption of waterworks and waste disposal facilities. All land, improvements and capital equipment owned, leased, acquired, or operated by the municipality pursuant to a lease having a fixed term plus renewal options exceeding three years or a lease-purchase or installment purchase contract, or pursuant to an operating contract described in § 9-40-38 constitute a separate class of property which is exempt from all taxation.
Source: SL 1985, ch 66, § 3.
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