10-28-5. Addition to assessment value on failure of railroad to make statements.
In case the proper officer of any railroad company shall fail to make the statement under oath required by §§10-28-3 and 10-28-4, at the time therein provided, the Department of Revenue may, in its discretion, add twenty-five percent to the assessable value of the property of such company.
Source: SDC 1939, §57.1304; SL 2003, ch 272 (Ex. Ord. 03-1), §82; SL 2011, ch 1 (Ex. Ord. 11-1), §161, eff. Apr. 12, 2011.