Entities exempt from payment of tax.

  1. Law
  2. South Dakota Codified Laws
  3. Taxation
  4. Income Tax On Banks And Financial Corporations
  5. Entities exempt from payment of tax.

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10-43-94. Entities exempt from payment of tax.

The State of South Dakota, any political subdivision of the state, and any quasi-governmental organization created by an executive order of the State of South Dakota and any subsidiary of such organization; any nonprofit United States Treasury Community Development Financial Institution, Small Business Administration Certified Development Company, or Regional Revolving Loan Fund; or any commercial club, chamber of commerce, or industrial development corporation formed pursuant to §9-12-11 or 9-27-37 is exempt from the payment of this tax.

Source: SL 2005, ch 257, §7.


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