Notwithstanding the provisions of § 10-43-25.5, receipts from securities used to maintain reserves against deposits to meet federal and state reserve requirements shall be included in the numerator specified in § 10-43-25.1 based on the ratio that the deposits in South Dakota bear to total deposits everywhere during the tax period.
S.D. Codified Laws § 10-43-25.6
Receipts from securities used to maintain reserves against deposits included in numerator
Source: SL 1977, ch 96, § 15 (1); SL 2014, ch 61, § 10, eff
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.