Any railroad company operating over state-owned rail lines while under contract to the state is exempt from the provisions of chapter 10-28 only for purposes of assessment and taxation of railroad property.
S.D. Codified Laws § 10-28-24
Exemption of railroad companies operating over state-owned rail lines
Source: SL 1981, ch 331, § 13.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.