10-35-8. Addition to assessable value for failure to file annual report.
In case any light or power, heating, water, natural or artificial gas company fails to make the report required by §10-35-3 on or before April fifteenth of each year, the Department of Revenue in its discretion may add twenty-five percent to the assessable value of the property of such company.
Source: SDC 1939, §57.1904; SL 2003, ch 272 (Ex. Ord. 03-1), §82; SL 2011, ch 1 (Ex. Ord. 11-1), §161, eff. Apr. 12, 2011.