Valuation of property owned or rented--Net annual rental rate.

  1. Law
  2. South Dakota Codified Laws
  3. Taxation
  4. Income Tax On Banks And Financial Corporations
  5. Valuation of property owned or rented--Net annual rental rate.

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10-43-23.2. Valuation of property owned or rented--Net annual rental rate.

Property owned by the financial institution is valued at its original cost. Property rented by the financial institution is valued at eight times the net annual rental rate. Net annual rental rate is the annual rental rate paid by the taxpayer less any annual rental received by the financial institution from subrentals.

Source: SL 1977, ch 96, §7.


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