10-36-11. Tax in lieu of other tax on operating property--Sales and use taxes.
The tax imposed by §10-36-6 is in lieu of any and all taxes levied by the state, counties, municipalities, townships, school districts, or other political subdivisions of the state on the personal property of the company located in any such rural area and used or intended for use in the distribution or transmission of electric energy, but is not in lieu of the retail occupational sales tax or the use tax, and this chapter does not exempt such companies from the payment of the retail occupational sales tax or use tax.
Source: SL 1941, ch 363, §3; SDC Supp 1960, §57.19B03; SL 1981, ch 94, §4; SL 1983, ch 98, §2; SL 1992, ch 60, §2.