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2017 South Dakota Codified Laws
Title 1 - STATE AFFAIRS AND GOVERNMENT
Chapter 16H - Science and Technology Authority
§ 1-16H-44 Property tax exemption for certain leased property in Lawrence County.
Universal Citation: SD Codified L § 1-16H-44 (2017)
1-16H-44. Property tax exemption for certain leased property in Lawrence County. If the authority leases land, improvements, equipment, fixtures, or other property interests in Lawrence County to an entity that:
(1) Is organized and operated on a not-for-profit basis;
(2) Is organized as a limited liability company;
(3) Has members of the limited liability company otherwise qualifying for exemption from real property taxation in the state where the entity's headquarters are located; and
(4) Is organized and operated for scientific research and related educational purposes;
the property and any possessory interest in the property is exempt from real property taxation.
Source: SL 2011, ch 8, ยง 1.
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