For purposes of this chapter, the term, tax increment base, is the aggregate assessed value of all taxable property located within a district on the date the district is created, as determined by § 11-9-20.
S.D. Codified Laws § 11-9-19
Tax increment base defined
Applied in 2 court decisions — leading case Deadwood Stage Run, LLC v. South Dakota Department of Revenue (2014)
Most recently applied in Deadwood Stage Run, LLC v. South Dakota Department of Revenue (December 2014)
Source: SL 1978, ch 91, § 5; SL 2018, ch 70, § 21.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.