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2017 South Dakota Codified Laws
Title 10 - TAXATION
Chapter 39 - Mineral Severance Tax
§ 10-39-58 Temporary provisions for severance tax on precious metals--Rate according to value of gross yield.
Universal Citation: SD Codified L § 10-39-58 (2017)
10-39-58. Temporary provisions for severance tax on precious metals--Rate according to value of gross yield. Notwithstanding the provisions of § 10-39-43, for the privilege of severing precious metals in this state, for the time period beginning July 1, 1993, and ending June 30, 1994, there is imposed a severance tax of two percent of the first fifty million dollars of the gross yield from the sale of precious metals severed in this state, and a severance tax of one percent of the gross yield from the sale of precious metals in excess of fifty million dollars severed in this state.
Source: SL 1992, ch 87, § 1; SL 1993, ch 93, § 1.
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