If any railroad company owns or uses operating property partly within and partly without this state, the secretary of revenue shall determine the value of the entire operating property of such railroad and shall allocate or assign a part of said value to this state by the use of such factors or methods as are reasonable and equitable.
S.D. Codified Laws § 10-28-9
Allocation of valuation for railroad operating partly without state
Applied in 4 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, § 57.1305; SL 2003, ch 272 (Ex
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.