Each person severing precious metals shall be given an exemption from the taxes imposed by this chapter for the first twenty ounces of precious metals severed each year.
S.D. Codified Laws § 10-39-53
Exemption of persons severing small amounts
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 1981, ch 95, § 12; SL 1984, ch 78, § 8.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.