All property, real and personal, belonging to any railroad company in this state actually and necessarily used in the operation of its line or lines of railway in this state shall be considered as "operating property," and shall be assessed for the purposes of taxation by the secretary of revenue, and not otherwise.
S.D. Codified Laws § 10-28-1
Secretary to assess operating property
Applied in 5 court decisions — leading case Fall River County v. South Dakota Department of Revenue (1996)
Most recently applied in Fall River County v. South Dakota Department of Revenue (November 1999)
Source: SDC 1939, § 57.1301; SL 2003, ch 272 (Ex
How often courts cite this section
Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.