In addition to any other tax imposed in chapter 10-39, there is imposed a tax of ten percent of the net profits from the sale of precious metals severed in this state.
S.D. Codified Laws § 10-39-45.1
Imposition of tax on net profit--Rate
Applied in 1 court decision — leading case Homestake Mining Co. v. Johnson (1985)
Most recently applied in Homestake Mining Co. v. Johnson (September 1985)
Source: SL 1984, ch 78, § 2; SL 1994, ch 89, § 3.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.