Any nonprofit organization or political subdivision which has been paying contributions under this title for a period subsequent to January 1, 1972 may change to a reimbursable basis by filing with the department not later than thirty days prior to the beginning of any taxable year a written notice of election to become liable for payments in lieu of contributions. Such election shall not be terminable by the organization for that and the next year.
S.D. Codified Laws § 61-5A-9
Change by nonprofit organization or political subdivision from contribution to reimbursement of benefits--Minimum period of election
Source: SL 1971, ch 276, § 55; SL 1977, ch 420, § 25.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.