Any nonprofit organization which is, or becomes, subject to this title on January 1, 1972 may elect to become liable for payments in lieu of contributions for a period of not less than two taxable years beginning with January 1, 1972 provided it files with the department a written notice of its election within the thirty-day period immediately following such date.
S.D. Codified Laws § 61-5A-6
Election by nonprofit organization to make payments in lieu of contributions--Minimum period of election
Source: SL 1971, ch 276, § 52.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.