Personal property, as defined in this chapter, which is not centrally assessed is hereby classified for ad valorem tax purposes and is exempt from ad valorem taxation. This exemption does not impair or repeal any tax or fee authorized to be levied or imposed in lieu of personal property tax.
S.D. Codified Laws § 10-4-6.1
Exemption from taxation of personal property not centrally assessed--Taxes or fees in lieu unimpaired
Applied in 2 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 (August 1996)
Source: SL 1978, ch 72, §§ 2, 9; SL 1992, ch 80, § 14.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.