2018 South Dakota Codified Laws
Chapter 22 - Nonprofit Corporations--Formation And General Powers
§ 47-22-68.4 Distributions required of foundation.

47-22-68.4. Distributions required of foundation. The corporation described in § 47-22-68.2 shall distribute for each of its taxable years amounts at least sufficient to avoid liability for the tax imposed by section 4942(a) of the Internal Revenue Code.

Source: SL 1972, ch 244, § 2 (1).

Disclaimer: These codes may not be the most recent version. South Dakota may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.