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2017 South Dakota Codified Laws
Title 10 - TAXATION
Chapter 06 - Annual Assessment Of Property
§ 10-6-35.19 Nonresidential property--Increased value due to reconstruction or renovation--Special classification.
Universal Citation: SD Codified L § 10-6-35.19 (2017)
10-6-35.19. Nonresidential property--Increased value due to reconstruction or renovation--Special classification. Any commercial, industrial, and nonresidential agricultural real property which increases more than ten thousand dollars in true and full value as a result of reconstruction or renovation of structures is specially classified for purposes of taxation.
The increase in true and full value resulting from the reconstruction or renovation of qualifying property shall be given tax treatment in the manner provided for in § 10-6-35.2.
Source: SL 1980, ch 73; SL 1981, ch 80; SL 1989, ch. 82, § 41; SL 2000, ch 42, § 13.
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