10-35-1.10. Promulgation of rules on environmental upgrade exemption.
The secretary of the Department of Revenue may promulgate rules, pursuant to chapter 1-26, concerning this exemption to:
(1)Specify the real and personal property that makes up an environmental upgrade;
(2)Determine the original and depreciated cost of the environmental upgrade;
(3)Establish a procedure to calculate the effect of the exemption upon the assessed value of the coal-fired power plant; and
(4)Allocate the exemption between the ownership of the coal-fired power plant. (This section is repealed effective January 1, 2046 pursuant to SL 2013, ch 51, §2.)
Source: SL 2006, ch 44, §4; SL 2011, ch 1 (Ex. Ord. 11-1), §161, eff. Apr. 12, 2011.