Notwithstanding any other provision of law, each officer charged by law to collect and pay over or retain local real property taxes shall first, on the next settlement date provided by law, pay over to the county treasurer or municipal finance officer, as applicable, out of all taxes collected, that portion that represents a tax increment allocable to the political subdivision.
S.D. Codified Laws § 11-9-28
Payment to political subdivision of allocable tax increment
Source: SL 1978, ch. 91, § 17; SL 2018, ch 70, § 30; SL 2024, ch 45, § 11.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.