Bonds issued by an authority pursuant to the provisions of this chapter are declared to be issued for an essential public and governmental purpose and, together with interest thereon, and income therefrom, shall be exempt from all taxes.
S.D. Codified Laws § 50-6A-36
Tax exemption of bonds
Known as the Airport Authorities Act
The act spans §§ 50-6A-1 to 50-6A-9 (55 sections).
Source: SL 1976, ch 303, § 16.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.